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Question 10 Which of the following correctly identifies normal balances of accounts? Assets Liabilities Stockholders' Equity Revenues Expenses Debit Credit Credit Credit Credit Credit Debit
Question 10 Which of the following correctly identifies normal balances of accounts? Assets Liabilities Stockholders' Equity Revenues Expenses Debit Credit Credit Credit Credit Credit Debit Assets Liabilities Stockholders' Equity Revenues Expenses Debit Credit Debit Assets Liabilities Stockholders' Equity Revenues Expenses Debit Credit Credit Debit Credit Assets Liabilities Stockholders' Equity Revenues Expenses Debit Credit Credit Credit Debit Question 14 At January 1, 2018, Swifty Industries reported retained earnings of $152000. During 2018, Swifty had a net loss of $29200 and paid dividends of $15300. At December 31, 2018, the amount of retained earnings is $107500. O $136700. O $122800. O $167300. Question 15 At January 31, 2018, the balance in Waterway Inc.'s supplies account was $710. During February, Waterway purchased supplies of $1000 and used supplies of $1140. At the end of February, the balance in the supplies account should be O $850 debit. O $570 credit. O $570 debit. O $650 debit
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