Question: 89. A debit is not the normal balance for which account listed below? A) Service Revenue B) Accounts Receivable C) Dividends D) Cash

89. A debit is not the normal balance for which account listed 

89. A debit is not the normal balance for which account listed below? A) Service Revenue B) Accounts Receivable C) Dividends D) Cash

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A debit is not the Normal Balance for which account listed below Answer ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Identify the normal balance for the following accounts: 1. Prepaid Insurance 2. Accounts Payable 3. Land 4. Service Revenue 5. Utilities Expense 6. Owners Capital 7. Equipment 8. Salaries Expense 9....

Q:

Accounts Payable Accounts Receivable Cash Inventory and Sales Revenue are not involved in the Other Accounts column in either the cash receipts or cash payments journal and are not involved in any...

Q:

Listed below are accounts to use for transactions (a) through (j), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts that...

Q:

ASAP 1) If total liabilities decreased by $105,000 and stockholders' equity decreased by $35,000 during (4pts) a period of time, then total assets must change by what amount and direction during that...

Q:

See attached document, it contains a 30 question multiple choice quiz. Please select the correct answers. Question 1 A An asset account is A. notes payable B. Unearned revenue C. Cash D. Common stock...

Q:

A debt is not the normal balance for which account listed below? Select one: a. Dividends b. Cash c. Accounts receivable d. Service revenue My friend selected D because there is 3 debit, but D is...

Q:

(1) - Question 17 Marked out of 100 A debit is not the normal balance for which of the following? Select one! a. Owner's Drawings account b. Owner's Capital account c. Expense account d. Asset account

Q:

A debit is not the normal balance for which of the following? Select one: a. Asset account O b. Expense account c. Owner's Drawings account d. Owner's Capital account The income statement for the...

Q:

28. A debit is not the normal balance for which of the following? A) Asset account B) Dividends account C) Expense account D) Common Stock account

Q:

Question 47 The primary purpose for using an inventory cost flow assumption is to: Not yet answered Marked out of 1.00 P Flag question a. Minimize income taxes b. Allocate the total cost of inventory...

Q:

Multiple Choice Questions 1. Which of the following statements is not correct? (a) A ratio reflects a business model relationship between two or more variables. (b) When using comparative ratio...

Q:

Suppose the wholesale price of gasoline falls by 50 a gallon. Does the retail price fall by more than 50, by 50, or by less than 50? a. Answer assuming that gas stations constitute a competitive...

Q:

Question 9 ( Mandatory ) ( 1 point ) Determine the slope of the tangent to the curve y = ( 3 x ) ( m i n x ) at the point with x coordinate 2 . a ) 2 b ) 3 2 c ) 3 d ) 0

Q:

You must use the hint Let G : R R be twice differentiable such that for all r E R, G" (x) > 1 Prove that G(2) 2G(3)+G(4)+G(5) 2G(6)+G(7) > 2. (Hint: 3 and 6 are special. Try to use them as centers...

Q:

As a refrigeration Engineer, you have to choose between two refrigeration plants for a cold room. The Plant specifications are given below. PLANT 1: Vapour compression refrigeration plant with ...

Q:

You must consider triangle inequality |cosa - cosb|

Q:

Larry Landlord has recently renovated an apartment and has put it on the market to be rented for $800.00 a month. Larry Landlord has been in business for approximately five (5) years and has had both...

Q:

Complete the sentence below. Even functions have graphs that are symmetric with respect to the ____

Q:

89. A debit is not the normal balance for which account listed below? A) Service Revenue B) Accounts Receivable C) Dividends D) Cash

Q:

MULTIPLE CHOICE 24) Debit is the normal balance of a) Loans payable b) Capital c) Prepaid rent d) Unearned revenue 25) Which of the following accounts will increase when it is credited? a) Cash b)...

Q:

Which of the following accounts normally has a credit balance? Multiple Choice Service Revenue. Accounts Receivable. Dividends. Cash. Finnish Motors has the following balance sheet accounts: Land...

Q:

Julent Gradebook ORTON Downloadable eTextbook ment Exercise 3-07 (Part Level Submission) Selected transactions for Concord, an interior decorator corporation, in its first month of business, are as...

Q:

Aacha Al Shual Financial Accounting. Test 1 Spring 2021.. - Word HC ba JI 121 A A A Arial : 1 DA X X,ab UI 15 U.Teaseu 140, VUU. 15. The trial balance of Clooney Company had accounts with the...

Q:

Dividend, expense, and asset accounts are increased with debits; liability, contributed capital, and revenue accounts are increased with credits. true false Costs of items that will continue to...