Each account has a normal balance. For the following list of accounts, indicate whether the normal balance
Question:
Account Normal Balance
1. Cash _____________
2. Prepaid Insurance _____________
3. Retained Earnings _____________
4. Bonds Payable _____________
5. Investments _____________
6. Capital Stock _____________
7. Advertising Fees Earned _____________
8. Wages and Salaries Expense _____________
9. Wages and Salaries Payable _____________
10. Office Supplies _____________
11. Dividends _____________
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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