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LiChan LiChan
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8 years ago
Listed below are some accounts.
a.)   For each account indicate whether the normal balance is a debit or a credit.
b.)   For each account indicate if an increase is recorded with a debit or a credit

   (a)   (b)
   Increase
   Normal   in
   Account   Balance   Account
0. Preferred stock (example)   CR   CR
1. Cash   ________   ________
2. Accounts receivable   ________   ________
3. Rent expense   ________   ________
4. Accounts payable   ________   ________
5. Merchandise inventory   ________   ________
6. Prepaid insurance   ________   ________
7. Income taxes payable   ________   ________
8. Revenues   ________   ________
9. Notes payable   ________   ________
10. Common stock   ________   ________
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
Author:
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suryoyosuryoyo
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LiChan Author
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#2
8 years ago
Wow!
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8 years ago
Alright!
Thumbs up me, please!
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