What is the normal balance of given accounts

Assignment Help Finance Basics

Reference no: EM131343447

All accounts have normal balances. What is the normal balance of each of these accounts?

a. cash

b. sales

c. notes payable

d. inventory

e. retained earnings

f. salary expense

g. equipment

h. unearned revenue

Reference no: EM131343447

Questions Cloud

What is the percent yield of iron : What is the percent yield of iron if 50.1 g Fe2O3in excess CO produces 19.5 g Fe? The M.W. of Fe2O3is 159.7 g/mol and the M.W. of CO is 28.01 g/mol.

How do revenues and expenses affect the accounting equation : How do revenues and expenses affect the accounting equation?- What is a T-account? Describe the basic components of any account.

Calculate the moles chlorine : Calculate the moles chlorine needed (as in the previous problem), then use the ideal gas law--PV = nRT. Additional help is given in the feedback.

Create an environment where most inconsequential information : While want ads supposedly describe the item for sale, the reality of how want ads are sold (by the letter) creates an environment where most inconsequential informa-tion about the product or service is left out.Your task today is to create a stor..

What is the normal balance of given accounts : What is the normal balance of each of these accounts?- cash- sales- notes payable- inventory- and retained earnings.

Identify a strategy to cluster the assessment data : Initial Discussion Post: Identify a strategy to cluster the assessment data. Describe how you used the identified strategy to cluster data for one (1) of the identified diagnostic labels

How the atlantic slave trade transformed the economic : Explain how the Atlantic Slave Trade transformed the economic, political, and social patterns of indigenous African communities. Describe this commercialization and its subsequent effects.

What constitutes a type i and a type ii error : What constitutes a Type I and a Type II error? Is a Type I or Type II error the more serious error in this situation? Why?

When a journal entry is made what must be equal and why : Can accounting transactions be directly recorded in the general ledger? If so, why do most companies initially record transactions in the journal?

User Account

All Pages