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For each of the following accounts, signify DEBIT or CREDIT to indicate the normal balance of the account. 1 Accounts payable Multiple Choice Answer Options:
For each of the following accounts, signify DEBIT or CREDIT to indicate the normal balance of the account.
1 | Accounts payable | Multiple Choice Answer Options: | |
2 | Partners' capital | a. Debit | |
3 | Partners' withdrawls | b. Credit | |
4 | Retained earnings | ||
5 | Common stock, no par value | ||
6 | Common stock, $10 par value | ||
7 | Preferred stock, $10 stated value | ||
8 | Contributed capital in excess of par value, preferred | ||
9 | Contributed capital in excess of stated value, preferred | ||
10 | Dividends payable | ||
11 | Treasury stock | ||
12 | Contributed capital, treasury stock | ||
13 | Common stock dividends distributable |
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