What is the normal balance for the following accounts? debit or credit? 1. Prepaid Insurance 2. Service Revenue 3. Cash 4. Land 5. Accounts Payable 6. Accounts Receivable 7. Supplies Expense 8. Juan, Capital 9. Juan, Drawing 10. Notes Payable
What is the normal balance for the following accounts? debit or credit? 1. Prepaid Insurance 2. Service Revenue 3. Cash 4. Land 5. Accounts Payable 6. Accounts Receivable 7. Supplies Expense 8. Juan, Capital 9. Juan, Drawing 10. Notes Payable
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 3DQ
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What is the normal balance for the following accounts? debit or credit?
1. Prepaid Insurance
2. Service Revenue
3. Cash
4. Land
5. Accounts Payable
6. Accounts Receivable
7. Supplies Expense
8. Juan, Capital
9. Juan, Drawing
10. Notes Payable
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