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Indicate Whether Each Account Below Has a Normal Debit or a Normal

Question 104

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Indicate whether each account below has a normal debit or a normal credit balance.
a. Cash
b. Wages Payable
h. Store Equipment
c. Wages Expense
i. Legal Fees Earned
d. Unearned Fees
j. Owner's Capital
e. Prepaid Insurance
f. Notes Payable
g. Interest Receivable
h. Store Equipment
i. Legal Fees Earned
j. Owner's Capital
k. Depreciation Expense, Buildings

Correct Answer:

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a. Debit
g. Debit
b. Credit
h....

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