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For the Following, Mark a "D" If the Following Account

Question 24

Essay

For the following, mark a "D" if the following account normally has a debit balance and mark a "C" if the following account normally has a credit balance.

_____1. Notes Payable
_____2. Mortgage Payable
_____3. Dividends
_____4. Accounts Receivable
_____5. Common Stock
_____6. Rent Revenue
_____7. Unearned Revenue
_____8. Utility Expense
_____9. Automobiles

Correct Answer:

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1.C 2.C 3....

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