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 Income
-----8. Utility Expense
-----9. Automobiles
Correct Answer:
Verified
1.C 2.C 3....View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q45: Which of the following entries records the
Q79: The posting process will include the transfer
Q99: Which of the following is true about
Q157: The payment for the monthly rent will
Q160: Cash was paid by Janer's Cleaning Service
Q161: Selected accounts from the ledger of Garrison
Q165: All of the following statements regarding a
Q214: The chart of accounts for Corning
Q219: The erroneous moving of an entire number
Q238: Accounts in the ledger are usually maintained