Question
For each the following accounts, indicate (a) if the account is an asset, liability, or owners equity account; and (b) whether the account would have
For each the following accounts, indicate (a) if the account is an asset, liability, or owners equity account; and (b) whether the account would have a normal debit or credit balance.
Account | (a) | (b) | ||||
Type of Account | Normal Balance | |||||
1. | Accounts Receivable | select a type of account | select a normal balance | |||
2. | Rent Expense | select a type of account | select a normal balance | |||
3. | B. Damji, Drawings | select a type of account | select a normal balance | |||
4. | Supplies | select a type of account | select a normal balance | |||
5. | Unearned Revenue | select a type of account | select a normal balance | |||
6. | Service Revenue | select a type of account | select a normal balance | |||
7. | Prepaid Insurance | select a type of account | select a normal balance | |||
8. | Notes Payable | select a type of account | select a normal balance |
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