Account Normal Balances

Question 1

Cash

Answer 1

Debit

Question 2

Petty Cash

Answer 2

Debit

Question 3

Accounts Receivable

Answer 3

Debit

Question 4

Interest Receivable

Answer 4

Debit

Question 5

Rent Receivable

Answer 5

Debit

Question 6

Inventory

Answer 6

Debit

Question 7

Supplies

Answer 7

Debit

Question 8

Prepaid Insurance

Answer 8

Debit

Question 9

Prepaid Rent

Answer 9

Debit

Question 10

Land

Answer 10

Debit

Question 11

Equipment

Answer 11

Debit

Question 12

Buildings

Answer 12

Debit

Question 13

Vehicles

Answer 13

Debit

Question 14

Investments

Answer 14

Debit

Question 15

Notes Receivable

Answer 15

Debit

Question 16

Accounts Payable

Answer 16

Credit

Question 17

Notes Payable

Answer 17

Credit

Question 18

Salaries & Wages Payable

Answer 18

Credit

Question 19

Income Taxes Payable

Answer 19

Credit

Question 20

Interest Payable

Answer 20

Credit

Question 21

Dividends Payable

Answer 21

Credit

Question 22

Bonds Payable

Answer 22

Credit

Question 23

Mortgage Payable

Answer 23

Credit

Question 24

Credit Card Payable

Answer 24

Credit

Question 25

Sales Tax Payable

Answer 25

Credit

Question 26

Unearned Revenue

Answer 26

Credit

Question 27

Warranty Liability

Answer 27

Credit

Question 28

Capital

Answer 28

Credit

Question 29

Service Revenue

Answer 29

Credit

Question 30

Sales

Answer 30

Credit

Question 31

Interest Income

Answer 31

Credit

Question 32

Rent Revenue

Answer 32

Credit

Question 33

Advertising Expense

Answer 33

Debit

Question 34

Amortization Expense

Answer 34

Debit

Question 35

Bad Debt Expense

Answer 35

Debit

Question 36

Depreciation Expense

Answer 36

Debit

Question 37

Income Tax Expense

Answer 37

Debit

Question 38

Insurance Expense

Answer 38

Debit

Question 39

Rent Expense

Answer 39

Debit

Question 40

Interest Expense

Answer 40

Debit

Question 41

Salaries & Wages Expense

Answer 41

Debit

Question 42

Supplies Expense

Answer 42

Debit

Question 43

Utilities Expense

Answer 43

Debit

Question 44

Repairs Expense

Answer 44

Debit

Question 45

Payroll Tax Expense

Answer 45

Debit

Question 46

Warranty Expense

Answer 46

Debit

Question 47

Cost of Goods Sold

Answer 47

Debit

Question 48

Withdrawals

Answer 48

Debit

Question 49

Accumulated Depreciation

Answer 49

Credit

Question 50

Sales Returns & Allowances

Answer 50

Debit

Question 51

Sales Discounts

Answer 51

Debit

Question 52

Purchase Returns & Allowances

Answer 52

Credit

Question 53

Purchase Discounts

Answer 53

Credit

Question 54

Allowance for Doubtful Accounts

Answer 54

Credit