Identifying normal balances For each account, identify whether the normal balance is a debit (DR) or credit Notes Payable Dividends Service Revenue Land Unearned Revenue Common Stock Utility Expense Office Supplies Advertising Expense Interest Payable
Identifying normal balances For each account, identify whether the normal balance is a debit (DR) or credit Notes Payable Dividends Service Revenue Land Unearned Revenue Common Stock Utility Expense Office Supplies Advertising Expense Interest Payable
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter3: The Double-entry Framework
Section: Chapter Questions
Problem 4SEB: NORMAL BALANCE OF ACCOUNT Indicate the normal balance (debit or credit) for each of the following...
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Identifying normal balances
For each account, identify whether the normal balance is a debit (DR) or credit
- Notes Payable
- Dividends
- Service Revenue
- Land
- Unearned Revenue
- Common Stock
- Utility Expense
- Office Supplies
- Advertising Expense
- Interest Payable
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