ACCOUNTING-----SEMES

Front

Normal balance of Supplies

Back

debit

Front

When supplies are bought on account, which column is used in Accounts Payable?

Back

credit

Front

Normal balance of owner's capital account

Back

credit

Front

Normal balance of Sales

Back

credit

Front

Which side is the account balance when the only entry is a credit?

Back

credit

Front

Normal balance of Cash

Back

debit

Front

Where is the new balance recorded when the old balance is a $500 debit and current entry is a $200 credit?

Back

debit

Front

Normal balance of Rent Expense

Back

debit

Front

Cash

Back

Asset

Front

Classify "Office Equipment" into the following categories: Asset, Liability, Owner's Equity.

Back

Asset