Identify the normal balance (Dr for Debit; Cr for Credit) and type of account (A for asset, L for liability, E for equity, E-rev for revenue, E-exp for expense, and E-eq for equity) for each of the following accounts. A. Utility Expense B. Accounts Receivable C. Interest Revenue D. Retained Earnings E. Land F. Sales Revenue
Identify the normal balance (Dr for Debit; Cr for Credit) and type of account (A for asset, L for liability, E for equity, E-rev for revenue, E-exp for expense, and E-eq for equity) for each of the following accounts. A. Utility Expense B. Accounts Receivable C. Interest Revenue D. Retained Earnings E. Land F. Sales Revenue
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 2EB: Consider the following accounts and determine if the account is an asset (A), a liability (L), or...
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Identify the normal balance (Dr for Debit; Cr for Credit) and type of account (A for asset, L for liability, E for equity, E-rev for revenue, E-exp for expense, and E-eq for equity) for each of the following accounts.
A. Utility Expense
B. Accounts Receivable
C. Interest Revenue
D.
E. Land
F. Sales Revenue
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