The normal balance of an account is the
Question
Updated 3/5/2015 7:21:24 PM
This conversation has been flagged as incorrect.
Flagged by debnjerry [3/5/2015 7:18:54 PM]
Original conversation
User: The normal balance of an account is the

Weegy: The normal balance of an account is the debit balance.

User: Which of the following accounts have normal debit balance? Accounts payable Accounts Receivable capital cash drawing equipment fees income prepaid rent supplies salary expenses utility expense

Question
Updated 3/5/2015 7:21:24 PM
This conversation has been flagged as incorrect.
Flagged by debnjerry [3/5/2015 7:18:54 PM]
Rating
3
The normal balance of an account is the side in which increases are recorded. For example, assets are increased with debits and therefore the normal balance of an asset is debit. Liabilities are increased with credits and therefore the normal balance of a liaibility is credit.
3
The following accounts have normal debit balance:
Accounts receivable, cash, drawing, equipment, prepaid rent, supplies, salaries expense, utilities expense.

Questions asked by the same visitor
If liabilities are \$5000 and owners equity is \$10,000 assets are: A \$15,000; B \$5000; C \$10,000; D \$2000
Question
Updated 3/6/2015 7:36:34 PM
If liabilities are \$5,000 and owners equity is \$10,000, assets are \$15,000.
Assets = liaiblities + owners equity
Revenues and expenses are found on the a statement of owners equality b balance sheet c income statement
Weegy: Revenues and expenses are found on the B. Balance sheet (More)
Question
Updated 3/6/2015 6:54:47 AM
Revenues and expenses are found on the Income Statement.
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