Which of the following accounts has a normal debit balance?
A) Wages Payable
B) Fees Earned
C) Rent Expense
D) Owner's Capital

Question

Quizplus · Accepted Answer

Rent Expense is an expense account, which means it has a normal debit balance. Wages Payable and Owner's Capital are both liability and equity accounts, respectively, which have normal credit balances. Fees Earned is a revenue account and has a normal credit balance.

Which of the Following Accounts Has a Normal Debit Balance