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191 state for each account whether it is likely to have from normal business operati 4298947

 

191. State for each account whether it is likely to have from normal business operations (a) debit entries only, (b) credit entries only, or (c) both debit and credit entries. Also, indicate the normal balance of each account.
 

1.

Fees Earned

4.

Supplies

2.

Utilities Expense

5.

Cash

3.

Accounts Payable

6.

Accounts Receivable

 

 

 

 

 

192. For the following, enter a “D” if the account normally has a debit balance and enter a “C” if the account normally has a credit balance.

_____1. Notes Payable
_____2. Mortgage Payable
_____3. Dividends
_____4. Accounts Receivable
_____5. Capital Stock
_____6. Rent Revenue
_____7. Unearned Income
_____8. Utility Expense
_____9. Automobiles 

 

 

 

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