Identify the normal balance (debit or credit) for each of the following accounts. Nomal Ending Balance a. Office Supplies b. Building c. Factory d. Notes Receivable e. Advertising Expense f. Delivery Expense g. Rent Expense h. Legal Expense i. Interest Payable

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter3: The Double-entry Framework
Section: Chapter Questions
Problem 4SEB: NORMAL BALANCE OF ACCOUNT Indicate the normal balance (debit or credit) for each of the following...
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Identify the normal balance (debit or credit) for each of the following accounts.
Normal Ending Balance
a. Office Supplies
b. Building
c. Factory
d. Notes Receivable
e. Advertising Expense
f. Delivery Expense
g. Rent Expense
h. Legal Expense
i. Interest Payable
Transcribed Image Text:Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Office Supplies b. Building c. Factory d. Notes Receivable e. Advertising Expense f. Delivery Expense g. Rent Expense h. Legal Expense i. Interest Payable
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