Normal Balance Worksheet Flashcards
1
Q
Account Payable
A
Credit
Liability
BS
2
Q
Account Receivable
A
Debit
Asset
BS
3
Q
Advertising Expense
A
Debit
Expense
IS
4
Q
Capital Stock
A
Credit
Owner’s Equity
BS
5
Q
Cash
A
Debit
Asset
BS
6
Q
Computer Equiptment
A
Debit
Asset
BS
7
Q
Computer Repair Expense
A
Debit
Expense
IS
8
Q
Computer Supplies
A
Debit
Asset
BS
9
Q
Dividends
A
Debit
Owner’s Equity
RE
10
Q
Insurance Expense
A
Debit
Expense
IS
11
Q
Interest Expense
A
Debit
Expense
IS
12
Q
Interest Payable
A
Credit
Liability
BS
13
Q
Note Payable
A
Credit
Liability
BS
14
Q
Note Receivable
A
Debit
Asset
BS
15
Q
Office Equiptment
A
Debit
Asset
BS
