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For each account listed below, indicate whether it ordinarily has a debit or a credit balance: DEBIT CREDIT A. Advertising expense B. Account payable C.

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For each account listed below, indicate whether it ordinarily has a debit or a credit balance: DEBIT CREDIT A. Advertising expense B. Account payable C. Retained earnings (profitable company) D. Prepaid insurance E. Accounts receivable F. Property and equipment G. Deferred income taxes payable H. Accumulated depreciation 1. Accrued salaries J. Sales K. Common stock L. Investments M. Notes payable N. Allowance for doubtful accounts

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