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Based on how the account is classified the normal balance will differ. Identify the normal balance (Credit or Debt) for each of the following accounts.
Based on how the account is classified the normal balance will differ. Identify the normal balance (Credit or Debt) for each of the following accounts. | Answer (Enter Credit or Debit) |
Sales | |
Accounts Payable | |
Cash | |
Equipment | |
Accumulated Depreciation | |
Salaries Expense | |
Building | |
Accounts Receivable | |
Notes Payable | |
Owners' Capital | |
Utilities Expense | |
Inventory | |
Unearned Revenue | |
Land | |
Wages Payable | |
Prepaid Insurance | |
Repairs Expense | |
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