Miscellaneous Quiz / Normal Account Balances 1

Random Miscellaneous Quiz

Can you correctly identify whether these different accounts are debit balance accounts or credit balance accounts?

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AccountNormal Account Balance
buildings
interest payable
wage expense
supplies expense
notes receivable
fees earned
assets
land
contra liabilities
contra assets
prepaid insurance
utilities expense
capital
salaries expense
stockholders' equity accounts
accounts payable
unearned revenue
owner equity
withdrawals
interest expense
owner capital
interest income
interest revenues
accounts receivable
equipment
AccountNormal Account Balance
prepaid rent
cash
sales allowances
repair service revenue
dividends account
inventory
liabilities
gain on sale of assets
prepaid expenses
sales returns
sales discounts
rent expense
store equipment
owner's drawing account
notes payable
income
gains
office supplies
service revenues
owner's withdrawals
losses
sales
expenses
wages payable
revenues

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