Normal balances of accounts OBJ. 1, 2 Identify each of the following accounts of Kaiser Services Co.

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Normal balances of accounts OBJ. 1, 2 Identify each of the following accounts of Kaiser Services Co. as asset, liability, stockholders’

equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit:

a. Accounts Payable

b. Accounts Receivable

c. Cash

d. Common Stock

e. Dividends

f. Fees Earned g. Office Equipment h. Rent Expense i. Supplies j. Wages Expense

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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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