Problem

Identifying debit and credit balancesRequiredIndicate whether each of the following accoun...

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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