At the end of Roshek Department Store's fiscal year on December 31, 2016, these accounts appeared in its adjusted trial balance as below. Purchases 50000 Discounts 1500 Beginning Inventory 5000, Purchase Purchase Returns and Allowances 1500 Freight-out 1000 Freight-in 500 Additional facts: Merchandise inventory on December 31, 2014, is $7500 The amount of Cost of Goods Sold on December 31, 2014, would be: x 45000 x 52500 45500 X 50000 Taylor Industries purchased supplies for $5,500. They paid $500 in cash and agreed to pay the balance in 30 days. Martin debited the supplies account, credited Cash and X credited a liability account for $5500. X debited asset account for $5,500. X credited asset account for $500 credited a liability account for $5000 ba The type of account with a normal credit balance is? Cash X Utility expense X Dividends X Service Revenues Revenues are decreased by credit X debit X debit and credit x debit or credit X