For each account listed below, mark whether it has a debit or credit normal balance.
| Account | Debit | Credit |
|---|---|---|
| Revenues | ||
| Assets | ||
| Retained Earnings | ||
| Inventory | ||
| Prepaid Insurance | ||
| Prepaid Rent | ||
| Prepaid Expenses | ||
| Accounts Receivable | ||
| Expenses | ||
| Insurance Expense | ||
| Accounts Payable | ||
| Cost of Goods Sold | ||
| Dividends | ||
| Land | ||
| Liabilities | ||
| Cash | ||
| Notes Payable | ||
| Rent Expense | ||
| Capital Stock |
The Rest Of TheVideos
| 1 | Not completed | Determining Normal Balances For Assets & Liabilities | 11 min |
| 2 | Not completed | Determining Normal Balance for Shareholder's Equity | 12 min |
| 3 | Not completed | Normal Balance Shortcut: Double Entry | 12 min |
| 4 | Not completed | Normal Balance Shortcut: DEAD Mnemonic | 3 min |
| 5 | Not completed | The Journal, Ledger, Trial Balance | 14 min |
| 6 | Not completed | The Multistep Income Statement | 13 min |
| 7 | Not completed | Gross Profit vs Net Profit | 7 min |
| 8 | Not completed | Profit Margin | 4 min |
Chapter 3Practice Problems
| Click Here to View All Problems at Once | View | ||
| 1 | Not completed | Account Classification | Easy |
| 2 | Not completed | Journal Entry - Inventory | Easy |
| 3 | Not completed | Journal Entry - Sales | Easy |
| 4 | Not completed | Land Purchased With Cash | Easy |
| 5 | Not completed | T/F: Liabilities and Equity | Easy |
| 6 | Not completed | Normal Balances You are here. | Moderate |
| 7 | Not completed | What Should Be Journaled | Moderate |
| 8 | Not completed | Calculating Operating Income | Hard |