Essay
Indicate whether each of the accounts listed below normally will have a debit or a credit balance. Record your answer to the left of each account by entering either Dr or Cr.
____ 1. Allowance for doubtful accounts
____ 2. Bad debt expense
____ 3. Sales returns and allowances
____ 4. Deferred revenue
____ 5. Sales discounts
____ 6. Notes receivable
____ 7. Sales revenue
____ 8. Short-term investments
Correct Answer:

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1. Cr; 2. Dr; 3. Dr;...View Answer
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