Consider the following list of accounts: $$\begin{array} { l l }
\text { Cash } & \text { Retained Earnings } \
\text { Service Revenue } & \text { Utilities Expense } \
\text { Salaries Expense } & \text { Accounts Receivable } \
\text { Accounts Payable } & \text { Common Stock } \
\text { Equipment } & \text { Dividends }
\end{array}$$ How many of these accounts have a normal debit balance?

Question

Consider the following list of accounts: $$\begin{array} { l l } 
\text { Cash } & \text { Retained Earnings } \
\text { Service Revenue } & \text { Utilities Expense } \
\text { Salaries Expense } & \text { Accounts Receivable } \
\text { Accounts Payable } & \text { Common Stock } \
\text { Equipment } & \text { Dividends }
\end{array}$$ How many of these accounts have a normal debit balance?

Quizplus · Accepted Answer

The Answer of Consider the following list of accounts: $$\begin{array} { l l } 
\text { Cash } & \text { Retained Earnings } \
\text { Service Revenue } & \text { Utilities Expense } \
\text { Salaries Expense } & \text { Accounts Receivable } \
\text { Accounts Payable } & \text { Common Stock } \
\text { Equipment } & \text { Dividends }
\end{array}$$ How many of these accounts have a normal debit balance?

Consider the Following List of Accounts How Many of These Accounts Have a Normal Debit Balance