Question
For each account listed below, indicate whether it is a nominal account or a permanent account and identify the normal balance of the account (debit
For each account listed below, indicate whether it is a nominal account or a permanent account and identify the normal balance of the account (debit or credit). Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore, exercise caution when entering your answers into carmen. Quiz scores will not be adjusted for errors in entering choices.
retained earnings
[ Choose ] nominal account with a normal credit balance permanent account with a normal debit balance permanent account with a normal credit balance nominal account with a normal debit balance
unearned revenue
[ Choose ] nominal account with a normal credit balance permanent account with a normal debit balance permanent account with a normal credit balance nominal account with a normal debit balance
dividends
[ Choose ] nominal account with a normal credit balance permanent account with a normal debit balance permanent account with a normal credit balance nominal account with a normal debit balance
rent expense
[ Choose ] nominal account with a normal credit balance permanent account with a normal debit balance permanent account with a normal credit balance nominal account with a normal debit balance
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