10. Identify the normal balance of each of the following accounts by circling Debit or Credit and write in where it is found on the balance sheet. Is it part of the ASSETS, LIABILITIES, STOCKHOLDERS EQUITY, or NOT FOUND ON THE BALANCE SHEET (Not Found)? Is the account closed at month end Y (Yes) N ( No)? Cash is provided as an example.

EXAMPLE: Cash Debit Credit ________Assets_____ Closed Y N

a. Allowance for Bad Debt Debit Credit ___________________ Closed Y N

b. Unearned Revenue Debit Credit ___________________ Closed Y N

c. Rent Expense Debit Credit __________________ Closed Y N

d. Accounts Payable Debit Credit __________________ Closed Y N

e. Retained Earnings Debit Credit __________________ Closed Y N

f. Inventory Debit Credit __________________ Closed Y N

g. Accounts Receivable Debit Credit __________________ Closed Y N

h. Sales/Revenue Debit Credit __________________ Closed Y N

i. Cost of Goods Sold Debit Credit ___________________ Closed Y N

j. Supplies Debit Credit ____________________Closed Y N