Cash, Common Stock, and Advertising Expense have normal balances of:
A)credit, credit, and credit, respectively.
B)debit, credit, and debit, respectively.
C)debit, debit, and credit, respectively.
D)credit, debit, and debit, respectively.

Question

Quizplus · Accepted Answer

Cash and Advertising Expense have normal debit balances, while Common Stock has a normal credit balance.

Cash, Common Stock, and Advertising Expense Have Normal Balances Of