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Identify the Normal Balance for Each of the Following Accounts

Question 42

Short Answer

Identify the normal balance for each of the following accounts by placing a Dr.(debit)or a Cr.(credit)in the space provided.
________ 1.Computer
________ 2.M.Bryant,Withdrawals
________ 3.M.Bryant,Capital
________ 4.Legal Fees Earned
________ 5.Cash
________ 6.Accounts Receivable
________ 7.Accounts Payable
________ 8.Rent Expense
________ 9.Office Equipment
________ 10.Supplies

Correct Answer:

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1.Dr.
2.Dr.
3.Cr.
4....

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