Question

Which of the following accounts does NOT have a normal balance? A. Office Supplies--Balance 1,000 debit...

Which of the following accounts does NOT have a normal balance?
A. Office Supplies--Balance 1,000 debit
B. Accounts Payable --Balance 1,000 credit
C. Unearned Revenue--Balance 1,000 credit
D. Utilities expense--Balance 1,000 debit
E. Service Revenue-Balance 1,000 debit
0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Answer:- E) Service revenue - Balance 1000 debit

Explanation:- service revenue normally has a credit balance not a Debit balance.

As per rules of accounting

There's a nominal account which is based on

Debit all the expenses and losses

Credit all the income and gains

And the revenue is the income for the business so it has generally a credit balance.

Add a comment
Know the answer?
Add Answer to:
Which of the following accounts does NOT have a normal balance? A. Office Supplies--Balance 1,000 debit...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance...

    Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) Credit c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings

  • Which of the following accounts does NOT have a normal debit balance?

    Which of the following accounts does NOT have a normal debit balance?Group of answer choicesUnearned RevenueWages ExpenseLandDividendsCost of Goods Sold

  • Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance...

    Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings

  • E2-12 Identifying accounts, increases in accounts, and normal balances

     E2-12 Identifying accounts, increases in accounts, and normal balances a. Interest Revenue f. Unearned Revenue b. Accounts Payable g. Prepaid Rent c. Calhoun, Capital h. Utilities Expense d. Office Supplies i. Calhoun, Withdrawals e. Advertising Expense j. Service Revenue Requirements 1. Identify each account as asset (A), liability (L), or equity (E). 2. Identify whether the account is increased with a debit (DR) or credit (CR). 3. Identify whether the normal balance is a debit (DR) or credit (CR).

  • Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance...

    Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance Fees Eamed (Revenues) b. Office Supplies c Owner, Withdrawals d. Wages Expense e. Accounts Receivable E Prepaid Rent 9. Wages Payable h. Building Owner. Capital Debit Credit

  • Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance...

    Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Dividends b. Prepaid Rent c. Common Stock d. Prepaid Service Fees e. Utilities Payable f. Prepaid Parking g. Taxes Payable h. Supplies i. Interest Payable

  • Indicate whether a debit or credit decreases the normal balance of each of the following accounts...

    Indicate whether a debit or credit decreases the normal balance of each of the following accounts Decrease Normal Balance Unearned Revenue b. Unearned Store Sales c. Accounts Payable d. Taxes Payable e. Common Stock f. Buildings 9. Consulting Revenue h. Factory Service Fees Earned Haircutting Revenue Service Revenue 1. Interest Revenue 1 < Prev 34 of 63 !!! Next >

  • Which of the following groups of accounts have a normal credit balance?

     Which of the following groups of accounts have a normal credit balance? A. Assets, capital, and withdrawals B. Liabilities, expenses, and assets C. Assets, expenses, and withdrawals D. Revenue, liabilities, and capital Which of the following groups of accounts have a normal debit balance? A. Liabilities, Expenses, and Assets B. Revenue, Liabilities, and Expense C. Assets, Expenses, and Withdrawals D. Assets, Capital, and Withdrawals The ledger is: A. a group of accounts that records results from business transactions.  B. a tool used to ensure that all accounts have normal balances. C. a tool...

  • QS 2-4 Identifying normal balance LO C4 Identify the normal balance (debit or credit) for each...

    QS 2-4 Identifying normal balance LO C4 Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Rent Expense Debit b. Legal Expense Debit c. Interest Payable Credit d. Factory Debit e. Fees Earned (Revenues) Credit f. Haircutting Revenue Credit 9. Accounts Payable Credit h. Land Debit 1. Office Supplies Debit

  • Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $3,600 Accounts...

    Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $3,600 Accounts Receivable 6,400 Office Supplies 2,200 Prepaid Insurance 2,400 Equipment 28,000 Accumulated Depreciation-Equipment $8,500 Accounts Payable 5,100 Salaries Payable Common Stock 12,200 Dividends 27,000 Service Revenue 73,000 Depreciation Expense-Equipment Supplies Expense Utilities Expense 4,700 Salaries Expense 24,500 Insurance Expense Total $98,800 $98,800 a. As of December​ 31, Ganville had performed $100 of service revenue but has not yet billed customers. b. At the end of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT