Question 8 (1 point) When should revenue be recognized? When cash is received When the service is performed When the customer places an order When the customer charges an order Question 9 (1 point) The entry to record the return of $300 of supplies purchased on account would be: Debit Accounts Payable 300 Credit Supplies 300 Debit Cash 300 Credit Supplies Debit Supplies 300 Credit Accounts Payable Debit Accounts Payable 300 300 Credit Capital Question 12 (1 point) The normal balance of cash is a because it is a(n) account. credit, asset credit, revenue debit, asset debit, expense