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Which of the following accounts has a normal credit balance
Which of the following accounts has a normal credit balance 1. Which of the following accounts is increased with a credit? a. Supplies b. Fees Earned c. Supplies Expense d. Jane Garcia, Withdrawals 2. If Accounts Payable has debit postings of $17,000, credit postings of $14,000, and a normal ending balance of $6,000, what was its beginning balance? a. $9,000 Cr. b. $3,000 Cr. c. $9,000 Dr. d. $3,000 Dr. 3. Which pair of accounts follows the rules of debit and credit in the same manner? a. Revenue from Services and Equipment b. Prepaid Rent and Advertising Expense c. Repair Expense and Notes Payable d. Owner's Capital and Rent Expense 4. Which pair of accounts follows the rules of debit and credit in the opposite manner? a. Prepaid Insurance and Owner's Withdrawals b. Advertising Expense and Land c. Owner's Withdrawals and Medical Fees Earned d. Interest Payable and Owner's Capital 5. Which of the following accounts has a normal credit balance ? a. Owner's Withdrawals b. Automotive Equipment c. Advertising Fees Earned d. Interest Expense Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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30 May 2016
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Which of the following accounts has a normal credit balance
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