Identifying debit and credit balances
Required
Indicate whether each of the following accounts normally has a debit or credit balance.
a. | Land | k. | Supplies Expense |
b. | Salaries Expense | 1. | Prepaid Rent |
c. | Rent Expense | m. | Service Revenue |
d. | Common Stock | n. | Supplies |
e. | Cash | O. | Accounts Payable |
f. | Salaries Payable | P. | Unearned Revenue |
g | Accounts Receivable | q. | Operating Expense |
h. | Insurance Expense | r. | Dividends |
i. | Prepaid Insurance | s. | Interest Revenue |
j. | Retained Earnings | t. | Interest Receivable |
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