For the following accounts indicate whether the normal balance is a debit or a credit. A. Unearned
Question:
For the following accounts indicate whether the normal balance is a debit or a credit.
A. Unearned Revenue
B. Interest Expense
C. Rent Expense
D. Rent Revenue
E. Accounts Payable
F. Cash
G. Supplies
H. Accounts Payable
I. Equipment
J. Utilities Expense
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A The normal balance is a debit because revenue is recognized as it is earned B The normal balance i...View the full answer
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Related Book For 
Horngrens Accounting Volume 1
ISBN: 9780135359709
11th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
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