Indicate whether each of the following accounts normally has a debit balance or a credit balance: a.
Question:
Indicate whether each of the following accounts normally has a debit balance or a credit balance:
a. Unearned Revenue
b. Service Revenue
c. Dividends
d. Land
e. Accounts Receivable
f. Cash
g. Common Stock
h. Prepaid Rent
i. Supplies
j. Accounts Payable
k. Interest Revenue
l. Rent Expense
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Account Normal Balance a Unearned Revenue Credit b Service Revenue ...View the full answer
Answered By
Asd fgh
sadasmdna,smdna,smdna,msdn,masdn,masnd,masnd,m asd.as,dmas,dma.,sd as.dmas.,dma.,s ma.,sdm.,as mda.,smd.,asmd.,asmd.,asmd.,asm
5.00+
1+ Reviews
15+ Question Solved
Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
Question Posted:
Students also viewed these Business questions
-
Let B = {y Zly = 10b - 4 for some integer b}, C = {z Z|Z = 10c + 6 for some integer c}. Is B = C? Prove or disprove it.
-
Indicate whether each of the following accounts is an asset, a liability, or an owners equity account and whether it has a normal debit or credit balance: (a) Accounts Receivable, (b) Accounts...
-
Indicate whether each of the following accounts would be reported on the balance sheet (BS) or income statement (IS) of Home Repair Company. Further, if the account is reported on the balance sheet,...
-
A ball, which we can treat as a point charge, has a charge of +Q. This ball is 50 cm away from a ball of charge-100, which is fixed in position. The +Q ball is 30 cm vertically below, and 40 cm...
-
1. Research a company that has implemented a balanced scorecard system for evaluating performance. Suggest at least two (2) variance measures the identified company can employ in a balanced scorecard...
-
What steps are involved in building a successful management succession plan?
-
If the maximum allowable bending stress for the \(\mathrm{W} 10 \times 15\) structural A992 steel beam is \(\sigma_{\text {allow }}=20 \mathrm{ksi}\), determine the maximum height \(h\) at which a...
-
A successful businessman in the community has contacted the Moose County Board of Commissioners about donating income producing securities to the County to support a particular activity. Under the...
-
1. Why do people in teams often tolerate social loafers? 2. Is high cohesiveness in teams always a good thing? Explain. 3. Have advances in communication technology, like texting, email, or...
-
A shipping company wants to phase out a fleet of (homogeneous) general cargo ships over a period of p years. Its objective is to maximize its cash assets at the end of the p years by considering the...
-
The December 31, Year 2, balance sheet for Shannons Lamps, Inc. (SLI) showed Cash of $64,000, Common Stock of $24,000, and Retained Earnings of $40,000. During Year 3, SLI experienced the following...
-
Identify whether each of the following transactions is an asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also explain how each event affects the accounting equation...
-
You should be able to say in your own words what each of the following key terms means. Test yourself or ask a colleague to test you. Culture Levels of culture Organizational culture Dimensions of...
-
A client could be considered contributorily negligent if they a. fail to follow a doctors instructions. b. lie to their attorney. c. delay seeking medical attention. d. all of the above.
-
Activities carried out by water and gas utilities are considered ____________ functions of a local government.
-
Legal assistants a. should never discuss the status of a clients case. b. can shield attorneys from some of the interpersonal tasks with clients that are time-consuming. c. can listen to clients...
-
Express agreements to accept the risk will usually be enforced a. if they are prepared by common carriers, public utilities, or other regulated industries. b. even if the defendant is the sole or...
-
Why has nuisance enjoyed a resurgence? a. What is CERCLA? b. What advantages over CERCLA does a nuisance claim offer a plaintiff? c. What advantages over CERCLA does a nuisance claim offer a...
-
Why might management be reluctant to accept a special order for its products at less than the normal price even though such an order would be legal and profitable?
-
X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)
-
Stuart Manufacturing Company was started on January 1, 2018, when it acquired $89,000 cash by issuing common stock. Stuart immediately purchased office furniture and manufacturing equipment costing...
-
Sinclair Manufacturing Company experienced the following accounting events during its first year of operation. With the exception of the adjusting entries for depreciation, assume that all...
-
Sinclair Manufacturing Company experienced the following accounting events during its first year of operation. With the exception of the adjusting entries for depreciation, assume that all...
-
You are planning to retire in 30 years. You want to be able to spend $40,000 per year in retirement, adjusted for inflation (so you will spend the equivalent in each year of $40,000 in today's...
-
From a lawsuit, you have been awarded a 31-payment, constant growth annuity. The first payment is at Year O and is equal to $380, and each subsequent payment will be paid in 16 month intervals, with...
-
You will receive 13 payments of $535, where the first payment will be received today (Month 0) and all other payments will be received in 10-month intervals (Months 10, 20, 30 ... 120). Assume that...
Study smarter with the SolutionInn App