Problem #1:

State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (c) both debit and credit entries. Also, indicate its normal balance.

1. Accounts Receivable

2. Commissions Earned

3. Notes Payable

4. Patricia Mayer, Capital

5. Rent Revenue

6. Wages Expense

Problem #2:

State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (c) both debit and credit entries. Also, indicate its normal balance.

1. Accounts Payable

2. Cash

3. Del Robinson, Drawing

4. Miscellaneous Expense

5. Insurance Expense

6. Fees Earned