Classification: Classify the normal balance of each account. Write “Dr” for normal debit balance and “Cr” for normal credit balance. Write your answer on a clean sheet of paper. 1. Sales Discount 2. Freight-out 3. Purchases 4. Allowance for doubtful Accounts 5. Accounts Payable 6. Unearned Sales Revenue 7. Salaries Expense 8. Accrued Utilities Expense 9. Store Supplies Used 10. Store Furniture and Fixtures
Classification: Classify the normal balance of each account. Write “Dr” for normal debit balance and “Cr” for normal credit balance. Write your answer on a clean sheet of paper. 1. Sales Discount 2. Freight-out 3. Purchases 4. Allowance for doubtful Accounts 5. Accounts Payable 6. Unearned Sales Revenue 7. Salaries Expense 8. Accrued Utilities Expense 9. Store Supplies Used 10. Store Furniture and Fixtures
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 4E
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Classification: Classify the normal balance of each account. Write “Dr” for normal
debit balance and “Cr” for normal credit balance. Write your answer on a clean sheet
of paper.
1. Sales Discount
2. Freight-out
3. Purchases
4. Allowance for doubtful Accounts
5. Accounts Payable
6. Unearned Sales Revenue
7. Salaries Expense
8. Accrued Utilities Expense
9. Store Supplies Used
10. Store Furniture and Fixtures
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