Chat with AI
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 21
Normal balances of accounts
Identify each of the following accounts of Kaiser Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit:
A. Accounts Payable
B. Accounts Receivable
C. Cash
D. Common Stock
E. Dividends
F. Fees Earned
G. Office Equipment
H. Rent Expense
I. Supplies
J. Wages Expense
Identify each of the following accounts of Kaiser Services Co. as asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit:
A. Accounts Payable
B. Accounts Receivable
C. Cash
D. Common Stock
E. Dividends
F. Fees Earned
G. Office Equipment
H. Rent Expense
I. Supplies
J. Wages Expense
Explanation
Verified
Verified
In double entry accounting system , two ...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
