Miscellaneous Quiz / Normal Account Balances 1

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

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

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