Indicate whether the normal balance of each of the following accounts is a debit or a credit:

Question:

Indicate whether the normal balance of each of the following accounts is a debit or a credit:
a. Equipment
b. Land
c. Al Tait, Withdrawals
d. Rent Expense
e. Interest Revenue
f. Prepaid Rent
g. Office Supplies
i. Notes Receivable
j. Notes Payable
k. Al Tait, Capital
1. Rent Earned
m. Rent Payable
n. Interest Expense
o. Interest Payable
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...