Identifying debit and credit balances Required Indicate whether each of the following accounts normally has a debit
Question:
Required
Indicate whether each of the following accounts normally has a debit or credit balance:
a. Interest Receivable
b. Interest Revenue
c. Dividends
d. Operating Expense
e. Unearned Revenue
f. Accounts Payable
g. Supplies
h. Service Revenue
i. Prepaid Rent
j. Supplies Expense
k. Retained Earnings
l. Prepaid Insurance
m. Insurance Expense
n. Accounts Receivable
o. Salaries Payable
p. Cash
q. Common Stock
r. Rent Expense
s. Salaries Expense
t. Land
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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