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Which of the following correctly identifies normal balances of accounts? Assets Debit Liabilities Credit Capital Credit Withdrawals Credit Revenues Debit Expenses Credit b. Assets Debit

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Which of the following correctly identifies normal balances of accounts? Assets Debit Liabilities Credit Capital Credit Withdrawals Credit Revenues Debit Expenses Credit b. Assets Debit Liabilities credit Capital credit Withdrawals Credit Revenues Credit Expenses Credit c. Assets Credit Liabilities Debit Capital Debit Withdrawals Debit Revenues Credit Expenses Debit d. Assets Debit Liabilities Credit Capital Credit Withdrawals Debit Revenues Credit Expenses Debit Amy Company reported owner's capital of exist17, 500 at the beginning of the year. During the year, the company recognized net income of exist12, 500. The owner made an additional investment of exist10,000 at midyear and made a exist5,000 withdrawal at year-end. What is the ending of the year balance of owner's capital? a. exist45,000. B. exist35,000. C. exist25,000. D. exist17, 500. On January 14, Amy Industries purchased supplies of exist10,000 on account. The entry to record the purchase is Al plumber company showed the following balances at the end of its first year: What did Al Plumber Company show as total credits on its trial balance? a. exist30, 100 c. exist28, 700 d. exist30, 800

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