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for each of the following accounts, indicate whether the account's normal balance is a debit balance (DR) or a credit balance (CR). The Cash account
for each of the following accounts, indicate whether the account's normal balance is a debit balance (DR) or a credit balance (CR).
The Cash account has been given to you as an example.
Cash | DR | |
1. | Rent expense | DR |
2. | Accounts payable | DR |
3. | Service revenue | CR |
4. | Office furniture | DR |
5. | Common stock | CR |
6. | Land | DR |
7. | Dividends | CR |
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