Identify the normal balance of the following accounts. Use Dr. for debit or Cr. for credit. 1.

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Identify the normal balance of the following accounts. Use “Dr.” for debit or “Cr.” for credit.

1. _____ Merchandise Inventory

2. _____ Sales Tax Payable

3. _____ Sales

4. _____ Sales Discounts

5. _____ Sales Returns and Allowances

6. _____ Cost of Goods Sold

7. _____ Credit Card Expense

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College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

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Question Posted: Jul 10, 2018 02:00 PM

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Identify the normal balance of the following accounts. Use Dr. for debit or Cr. for credit. 1.

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Dr Merchandise Inventory Cr Sales Tax Pa...View the full answer

College Accounting Chapters 1-30

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