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Alekssandra [29.7K]
3 years ago
10

Consider the following list of accounts: Cash Retained Earnings Service Revenue Utilities Expense Salaries Expense Accounts Rece

ivable Accounts Payable Common Stock Equipment Dividends How many of these accounts have a normal debit balance?
Business
1 answer:
MAVERICK [17]3 years ago
4 0

Answer:

Cash, account receivable, equipment, utilities expenses, salaries expense

Explanation:

Normally, the asset and expense accounts have debit balances while the liabilities, equity, revenue and other income accounts have credit balances.

In the given list of account:

Cash, account receivable, equipment belong to asset accounts, therefore will have normal debit balance.

Utilities expenses, salaries expense belong to expense accounts, therefore will have normal debit balance.

Remaining items in a given list will have normal credit balance.

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