Identify the normal balance (debit or credit) for each of the following accounts. Nomal Ending Balance a. Office Supplies b. Building c. Factory d. Notes Receivable e. Advertising Expense f. Delivery Expense g. Rent Expense h. Legal Expense i. Interest Payable

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1EA: Identify whether each of the following accounts is nominal/temporary or real/permanent. A. Accounts...
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Identify the normal balance (debit or credit) for each of the following accounts.
Normal Ending Balance
a. Office Supplies
b. Building
c. Factory
d. Notes Receivable
e. Advertising Expense
f. Delivery Expense
g. Rent Expense
h. Legal Expense
i. Interest Payable
Transcribed Image Text:Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Office Supplies b. Building c. Factory d. Notes Receivable e. Advertising Expense f. Delivery Expense g. Rent Expense h. Legal Expense i. Interest Payable
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