e Search als Merchandising - eferences Mailings Review View Help 41-48) Indicate the normal balance of each of the following accounts: a Sales Returns and Allowances Debit b. Merchandise Inventory Debit c Cost of Goods Sold Debit d. Payroll Tax Expense Debit e. Unearned Rent Credit f. Sales Discount Debit g. Canada Pension Plan Payable Credit h Uneared Revenue Credit 49) Mortgage Payable is what type of account? A) Asset B) Liability C) Expense D) Capital 50) As supplies are used, they become A) an asset B) a liability C) an expense D) a revenue 51) The income statement is prepared from the A) balance sheet B) worksheet C) general journal D) statement of owner's equity. 52) To determine how much merchandise was returned from a company's customers, the company should review the A) Inventory Account B) Cost of Goods Sold Account C) Sales Returns and Allowances Account D) Sales Discounts Account