Matching debit and credit terminology with account


Matching debit and credit terminology with account titles

Required:

Indicate whether each of the following accounts normally has a debit balance or a credit balance:
a. Salaries Payable
b. Cash
c. Prepaid Insurance
d. Common Stock
e. Interest Revenue
f. Rent Expense
g. Salaries Expense
h. Consulting Revenue
i. Unearned Revenue
j. Accounts Payable
k. Dividends
l. Land

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Matching debit and credit terminology with account
Reference No:- TGS01215099

Now Priced at $12 (50% Discount)

Recommended (97%)

Rated (4.9/5)