Quiz 1 Flashcards
1
Q
What is the normal balance of service revenue?
A
Credit
Credits increase
2
Q
What is the normal balance of accounts receivable?
A
Debit
Debits increase
3
Q
What is the normal balance of cash?
A
Debit
Debits increase
4
Q
What is the normal balance of retained earnings?
A
Credit
Credits increase
5
Q
What is the normal balance of repair expense?
A
Debit
Debits increase
6
Q
What is the normal balance of equipment?
A
Debit
Debits increase
7
Q
What is the normal balance of notes payable?
A
Credit
Credits increase
8
Q
What is the normal balance of accounts payable?
A
Credit
Credits increase
9
Q
What is the normal balance of common stock?
A
Credit
Credits increase
10
Q
What is the normal balance of salary expense?
A
Debit
Debits increase
