Answer the following$$ questions:

Requirements

What type of normal balance does the Retained Earnings account havelong dashdebit or$$ credit?

Which type of income statement account has the same type of balance as the Retained Earnings$$ account?

Which type of income statement account has the opposite type of balance as the Retained Earnings$$ account?

What do we call the difference between total debits and total credits on the income statement section of the$$ worksheet?

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Part $1$

Requirement $1.$ What type of normal balance does the Retained Earnings account havelong dashdebit or$$ credit?

The Retained Earnings account normally has a

$$

credit

debit

balance.