Accounting Midterm Review

Indicate the normal balance for cash.

• Debit

• Credit

• Does not have a normal balance

Indicate the normal balance for Accounts Payable Howard Co.

• Debit

• Credit

• Does not have a normal balance

Indicate the normal balance for Accounts Receivable Matthew Smith.

• Debit

• Credit

• Does not have a normal balance

Indicate the normal balance for Assets.

• Debit

• Credit

• Does not have a normal balance

Indicate the normal balance for Liabilities.

• Debit

• Credit

• Does not have a normal balance

Indicate the normal balance for Revenue.

• Debit

• Credit

• Does not have a normal balance

Indicate the normal balance for Capital.

• Debit

• Credit

• Does not have a normal balance

Indicate the normal balance for Drawing.

• Debit

• Credit

• Does not have a normal balance

Indicate the normal balance for Expenses.

• Debit

• Credit

• Does not have a normal balance

Indicate the normal balance for Income Summary.

• Debit

• Credit

• Does not have a normal balance