Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance...
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) Credit c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Dividends b. Prepaid Rent c. Common Stock d. Prepaid Service Fees e. Utilities Payable f. Prepaid Parking g. Taxes Payable h. Supplies i. Interest Payable
QS 2-4 Identifying normal balance LO C4 Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Rent Expense Debit b. Legal Expense Debit c. Interest Payable Credit d. Factory Debit e. Fees Earned (Revenues) Credit f. Haircutting Revenue Credit 9. Accounts Payable Credit h. Land Debit 1. Office Supplies Debit
B. Identify the normal balance for each of the following accounts by placing a Dr. (debit) or a Cr. (credit) in the space provided. 1. Fax Machine 2. R. Clark, Withdrawals 3. R. Clark, Capital 4. Legal Fees 5. Cash 6. Accounts Receivable 7. Accounts Payable 8. Rent Expense 9. Office Equipment 10. Prepaid Rent
For the following accounts please indicate whether the normal balance is a debit or a credit. Sales Dividends Office Supplies Retained Earnings Accounts Receivable Prepaid Rent Prepaid Insurance Wages Payable Building Wages Expense
QS 2-4 Identifying normal balance LO C4 Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Note Payable b. Prepaid Rent c. Prepaid Insurance d. Fuel Expense e. Furniture f. Rent Revenue g. Postage Expense h. Office Equipment i. Building
Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. Cash b. Accounts Receivable c. Note Receivable Prepaid Insurance Prepaid Rent Service Fees Earned Prepaid Parking Supplies Interest Revenue Store Equipment k Office Supplies Salaries Payable
Identify the normal balance (debit or credit) for each of the following accounts 2 Normal Ending Balance a Rental Revenue b Note Receivable 2 c Haircutting Revenue points d Common Stock ePrepaid Rent eBock fDividends Priet Salaries Payable h Accounts Payable References iPrepaid Insurance
Identify the normal balance (debit or credit) for each of the following accounts. Show All Items Normal Ending Balance Warehouse b. Common Stock c. Land d. Dividends e. Repairs Expense f. Prepaid Insurance g. Wages Payable h. Unearned Ticket Revenue i. Trucks