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Ex5 normal balances of accounts

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Normal Balances of Accounts
Instruction: On the space provided, put an X to accounts whose normal balances are debit.
__________ 1. Building __________6. Julito Kwan, Capital
__________ 2. Depreciation Expense __________7. Bad Debts
__________ 3. Unused Supplies __________8. Interest Expense
__________ 4. Notes Receivable __________9. Transportation Equipment
__________ 5. Utilities Expense __________10. Julito Kwan, Drawing
Instruction: On the space provided, put a √ to accounts whose normal balances are credit.
__________ 1. Interest Income __________6. Accounts Payable
__________ 2. Notes Payable __________7. Ofelia Coronado, Drawing
__________ 3. Subscription Income __________8. Unused Supplies
__________ 4. Ofelia Coronado, Capital __________9. Prepaid Expense
__________ 5. Accounts Receivable __________10. Professional Income
Instruction: On the space provided, indicate whether the normal balance of each of the given
account is a Debit or Credit.
1. _________ Notes Receivable 14. _________ Notes Payable
2. _________ Taxes and Licenses 15. _________ Prepaid Rent
3. _________ Cash in Bank 16. _________ Interest Expense
4. _________ Accounts Payable 17. _________ Professional Income
5. _________ Alex, Ajoc Capital 18. _________ Utilities Expense
6. _________ Insurance Expense 19. _________ Supplies Used
7. _________ Interest Income 20. _________ Office Equipment
8. _________ Unused Supplies 21. _________ Salaries & Wages
9. _________ Alex, Ajoc, Drawing 22. _________ Rent Expense
10. _________ Prepaid Insurance 23. _________ Land
11. _________ Unearned Service Income 24. _________ Interest Receivable
12. _________ Philhealth Payable 25. _________ Allowance for Bad Debts
13. _________ Advances to Employees
Instruction: On the space provided, put a √ to accounts which will increase their balances when
debited.
__________ 1. Accounts Receivable __________6. Rent Expense
__________ 2. Commission Income __________7. Notes Receivable
__________ 3. Furniture and Fixtures __________8. Clyde Naong, Drawing
__________ 4. Clyde Naong, Capital __________9. Insurance Expense
__________ 5. Prepaid Advertising __________10. Accounts Payable
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Normal Balances of Accounts Instruction: On the space provided, put an X to accounts whose normal balances are debit. __________ 1. Building __________6. Julito Kwan, Capital __________ 2. Depreciation Expense __________7. Bad Debts __________ 3. Unused Supplies __________8. Interest Expense __________ 4. Notes Receivable __________9. Transportation Equipment __________ 5. Utilities Expense __________10. Julito Kwan, Drawing Instruction: On the space provided, put a √ to accounts whose normal balances are credit. __________ 1. Interest Income __________6. Accounts Payable _____ ...
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