Indicate the normal balance (debit or credit) for each of the following accounts: 1. Cash 2. Rent

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Indicate the normal balance (debit or credit) for each of the following accounts:

1. Cash

2. Rent Expense

3. Notes Payable

4. Owner’s Drawing

5. Accounts Receivable

6. Owner’s Capital

7. Tools

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College Accounting Chapters 1-15

ISBN: 12

19th Edition

Authors: James A Heintz, Robert W Parry

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Question Posted: Dec 20, 2011 10:30 AM

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Indicate the normal balance (debit or credit) for each of the following accounts: 1. Cash 2. Rent

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Account Debit or Credit 1 Cash debi...View the full answer

College Accounting Chapters 1-15

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