Chart of Accounts Debits, credits, and normal balance is the foundation of double entry accounting. It is not possible to understand accounting without memorizing account names, debit, credit, and normal balance. The purpose of this assignment is for students to practice debit, credit and normal balance for all of the accounts. Instructions: 1) For each account listed, write debit, credit +-, and the normal balance. 2) The Cash account is included as an example. Assets Dr/Cr Cash Dr+ Cr- Normal Account Balance Dr+ Liabilities Dr/Cr Normal Account Balance Accounts Receivable Supplies Dr Accounts Payable Salaries Payable Unearned Revenue Interest Payable Prepaid Insurance Merchandise Inventory Note Receivable Equipment Building Expenses Supplies Expense Insurance Expense Salaries Expense Rent Expense Utilities Expense Interest Expense Notes Payable Equity Common Stock Retained Earnings Revenue Cash Dividends