Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Indicate whether the normal balance for the listed accounts is a debit or credit. 1. Accounts Payable. 2. Accounts Receivable. 3. Cash 4. Interest Expense.

image text in transcribed
Indicate whether the normal balance for the listed accounts is a debit or credit. 1. Accounts Payable. 2. Accounts Receivable. 3. Cash 4. Interest Expense. 5. Interest Revenue. 6. Common stock. 7. Dividends. 8. Unearned Revenue. 9. Accumulated Depreciation - Equipment. 10. Prepaid Insurance. 11. Merchandise Inventory. 12. Cost of Goods Sold. 13. Sales Discounts. 14. Sales Returns and Allowances. 15. Sales. 16. Miscellaneous Expense. 17. Credit Card Expense. 18. Bad Debts Expense. 19. Allowance for Doubtful Accounts 20. Notes Receivable. 21. Sales Tax Payable. 22. Interest Revenue. 23. Discount on Bonds Payable. 24. Retained Earnings. 25. Treasury Stock, Common

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

IT Audit In China

Authors: LIU Ruzhuo

1st Edition

981428145X, 978-9814281454

More Books

Students also viewed these Accounting questions

Question

Where are routed backbones most commonly used?

Answered: 1 week ago