Identifying debit and credit balances Required Indicate whether each of the following accounts normally has a debit

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Identifying debit and credit balances

Required
Indicate whether each of the following accounts normally has a debit or credit balance:
a. Interest Receivable
b. Interest Revenue
c. Dividends
d. Operating Expense
e. Unearned Revenue
f. Accounts Payable
g. Supplies
h. Service Revenue
i. Prepaid Rent
j. Supplies Expense
k. Retained Earnings
l. Prepaid Insurance
m. Insurance Expense
n. Accounts Receivable
o. Salaries Payable
p. Cash
q. Common Stock
r. Rent Expense
s. Salaries Expense
t. Land

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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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