11.What is the normal balance in each of these accounts? (Use the following abbreviationsto answer this question; D - Debit , C- Credit)..Bank depositAccounts payableCapitalRetained earnings1.6-..Cash.Inventory.Prepaid insurance2-.7-.3-.8-.4-.9-.Bank loan5-..Accounts receivable10-Sales revenue

Debits and Credits: The transactions of the company will affect the account balances either by…

11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) 1 .Bank deposit .Accounts payable .Capital ..Retained earnings 6- . Cash . Inventory ..Prepaid insurance 2-. 7. 3-. 8-.. 4- 9- 10-. . ..Bank loan 5- . .Accounts receivable Sales revenue

11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) 1 .Bank deposit .Accounts payable .Capital ..Retained earnings 6- . Cash . Inventory ..Prepaid insurance 2-. 7. 3-. 8-.. 4- 9- 10-. . ..Bank loan 5- . .Accounts receivable Sales revenue

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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