Chart of Accounts Debits, credits, and normal balance is the foundation of double entry accounting. It...

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Chart of Accounts Debits, credits, and normal balance is the foundation of double entry accounting. It is not possible to understand accounting without memorizing account names, debit, credit, and normal balance. The purpose of this assignment is for students to practice debit, credit and normal balance for all of the accounts. Instructions: 1) For each account listed, write debit, credit +-, and the normal balance. 2) The Cash account is included as an example. Assets Cash Accounts Receivable Supplies Prepaid Insurance Merchandise Inventory Note Receivable Equipment Building Expenses Supplies Expense Insurance Expense Salaries Expense Rent Expense Utilities Expense Interest Expense Dr/Cr Dr + Cr- Normal Account Balance Dr+ Liabilities Accounts Payable Salaries Payable Unearned Revenue Interest Payable Notes Payable Equity Common Stock Retained Earnings Revenue Cash Dividends Dr/Cr Normal Account Balance Chart of Accounts Debits, credits, and normal balance is the foundation of double entry accounting. It is not possible to understand accounting without memorizing account names, debit, credit, and normal balance. The purpose of this assignment is for students to practice debit, credit and normal balance for all of the accounts. Instructions: 1) For each account listed, write debit, credit +-, and the normal balance. 2) The Cash account is included as an example. Assets Cash Accounts Receivable Supplies Prepaid Insurance Merchandise Inventory Note Receivable Equipment Building Expenses Supplies Expense Insurance Expense Salaries Expense Rent Expense Utilities Expense Interest Expense Dr/Cr Dr + Cr- Normal Account Balance Dr+ Liabilities Accounts Payable Salaries Payable Unearned Revenue Interest Payable Notes Payable Equity Common Stock Retained Earnings Revenue Cash Dividends Dr/Cr Normal Account Balance