Normal Account Balances (Appendix)

Each account has a normal balance. For the following list of accounts, indicate whether the normal balance of each is a debit or a credit.

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. Offi ce Supplies _____________ 11. Dividends _____________ AppendixLO1