Learning Task 3: Classify the normal balance of each account. ON the space provided before each number, write DEBIT for normal debit balance and CREDIT for normal credit balance. 1. Sales Discount 6. Unearned sales revenue 2. Freight-out 7. Salaries expense 3. Purchases 4. Allowance for Doubtful accounts 8. Accrued Utilities Expense 9. Store supplies used 5. Accounts payable 10. Store Furniture & Fixtures 3

Learning Task 3: Classify the normal balance of each account. ON the space provided before each number, write DEBIT for normal debit balance and CREDIT for normal credit balance. 1. Sales Discount 6. Unearned sales revenue 2. Freight-out 7. Salaries expense 3. Purchases 4. Allowance for Doubtful accounts 8. Accrued Utilities Expense 9. Store supplies used 5. Accounts payable 10. Store Furniture & Fixtures 3

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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