Rules of Debit and Credit and Normal Balances

State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. Also, indicate its normal balance.

	Typical Entries	Normal Balance
1. Accounts Receivable	Select Debit entries only Credit entries only Both debit and credit entriesItem 1	Select Debit CreditItem 2
2. Commissions Earned	Select Debit entries only Credit entries only Both debit and credit entriesItem 3	Select Debit CreditItem 4
3. Notes Payable	Select Debit entries only Credit entries only Both debit and credit entriesItem 5	Select Debit CreditItem 6
4. Ona Holcomb, Capital	Select Debit entries only Credit entries only Both debit and credit entriesItem 7	Select Debit CreditItem 8
5. Rent Revenue	Select Debit entries only Credit entries only Both debit and credit entriesItem 9	Select Debit CreditItem 10
6. Wages Expense	Select Debit entries only Credit entries only Both debit and credit entries