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For each of the following accounts, signify DEBIT or CREDIT to indicate the normal balance of the account. Merchandise inventory [Choose ] Credit Debit Freight

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For each of the following accounts, signify DEBIT or CREDIT to indicate the normal balance of the account. Merchandise inventory [Choose ] Credit Debit Freight out expense [ Choose ] Sales revenue [ Choose ] Cost of goods sold [Choose ] Sales returns and allowances [Choose ] Sales discounts [ Choose ] Accounts receivable [Choose ] Owner's capital [ Choose ] Owner's withdrawals [Choose ] 4 Accounts payable [Choose 1

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