Question
For each of the following accounts, signify DEBIT or CREDIT to indicate the normal balance of the account. 1.Accounts receivable 2.Credit card expense 3.Bad debt
For each of the following accounts, signify DEBIT or CREDIT to indicate the normal balance of the account.
1.Accounts receivable
2.Credit card expense
3.Bad debt expense
4.Allowance for doubtful accounts
5.Notes receivable (due in 180 days)
6.Interest revenue
7.Depreciation expense
8.Building
9.Equipment
10.Accumulated depreciation
11.Loss on disposal of equipment
12.Gain on disposal of equipment
13.Sales revenue
14.Patent
15.Copyright
16.Amortization expense
17.Estimated warranty liability (3 year warranty)
18.Social security taxes payable
19.Notes payable (due in 120 days)
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