Below is a list of common accounts. Required: Indicate whether the normal balance of each account is a debit or a credit. Accounts 1. Cash 2. Service revenue 3. Salaries expense 4. Accounts payable 5. Equipment 6. Retained earnings 7. Utilities expense 8. Accounts receivable 9. Dividends 10. Common stock Debit or Credit

Below is a list of common accounts. Required: Indicate whether the normal balance of each account is a debit or a credit. Accounts 1. Cash 2. Service revenue 3. Salaries expense 4. Accounts payable 5. Equipment 6. Retained earnings 7. Utilities expense 8. Accounts receivable 9. Dividends 10. Common stock Debit or Credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 8EA: For the following accounts please indicate whether the normal balance is a debit or a credit. A....

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