For the following accounts please indicate whether the normal balance is a debit or a credit....

Question

Question

For the following accounts please indicate whether the normal balance is a debit or a credit.

business accounting

Answer 1

Answer #1

A. Sales : Credit balance

B. Dividends : Debit balance

C. Office supplies : Debit balance

D. Retained earnings : Credit balance

E. Accounts receivable : Debit balance

F. Prepaid rent : Debit balance

G. Prepaid insurance : Debit balance

H. Wages payable : Credit balance

I. Buidling : Debit balance

J. Wages expense : Debit balance

Answer 2

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