ces Exercise 7.1 (Static) Identifying new accounts. LO 7-1 Required: Identify the normal balance and type of account for the following. In identifying the normal balance, use debit or credit. Accounts Name Accounts Receivable Sales Sales Returns and Allowances Sales Discounts Credit Card Expense Sales Tax Payable Normal balance Type of Account

Exercise 7.1 (Static) Identifying new accounts. LO 7-1 Required: Identify the normal balance and type of account for the following. In identifying the normal balance, use debit or credit