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.

Common Stock

l.

Supplies

b.

Retained Earnings

m.

Utilities Payable

c.

Land

n.

Consulting Revenue

d.

Accounts Receivable

0.

Supplies Expense

e.

Insurance Expense

p.

Salaries Expense

f.

Cash

q.

Salaries Payable

g.

Dividends

r.

Land

h.

Unearned Revenue

s.

Prepaid Insurance

i.

Operating Expense

t.

Interest Revenue

j.

Accounts Payable

u.

Interest Receivable

k.

Service Revenue

 

 

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