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Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Accounts Receivable b. Salaries Expense c. Salaries Payable

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Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Accounts Receivable b. Salaries Expense c. Salaries Payable d. Sales e. Wages Expense t. Wages Payable 9. Office Supplies h. Building i. Dividends 1:33 1. TI 11 I Cash Accounts receivable Inventory $1,260 Prepaid expenses 3,095 Accounts payable 6,100 Other current liabilities $ 700 5,900 600 Use the above information on current assets and current liabilities to compute the acid-test rati Acid-Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-test ratio to 1

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