Normal Balance Worksheet Flashcards by Lindsey Williard

Q

Account Payable

A

Credit
Liability
BS

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Q

Account Receivable

A

Debit
Asset
BS

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Q

Advertising Expense

A

Debit
Expense
IS

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Q

Capital Stock

A

Credit
Owner’s Equity
BS

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Q

Cash

A

Debit
Asset
BS

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Q

Computer Equiptment

A

Debit
Asset
BS

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Q

Computer Repair Expense

A

Debit
Expense
IS

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Q

Computer Supplies

A

Debit
Asset
BS

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Q

Dividends

A

Debit
Owner’s Equity
RE

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Q

Insurance Expense

A

Debit
Expense
IS

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Q

Interest Expense

A

Debit
Expense
IS

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Q

Interest Payable

A

Credit
Liability
BS

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Q

Note Payable

A

Credit
Liability
BS

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Q

Note Receivable

A

Debit
Asset
BS

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Q

Office Equiptment

A

Debit
Asset
BS

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Q

Office Furniture

A

Debit
Asset
BS

Q

Office Supplies

A

Debit
Asset
BS

Q

Office Supplies Expense

A

Debit
Expense
IS

Q

Prepaid Insurance

A

Debit
Asset
BS

Q

Prepaid Rent

A

Debit
Asset
BS

Q

Rent Expense

A

Debit
Expense
IS

Q

Retained Earnings

A

Credit
Owner’s Equity
BS

Q

Salary Payable

A

Credit
Liability
BS

Q

Service Revenue

A

Credit
Revenue
IS

Q

Unearned Revenue

A

Credit
Liability
BS

Q

Utilities Expense

A

Debit
Expense
IS

Q

Salary Expense

A

Debit
Expense
IS