Accounting Question
View this question.
Add this question to a group or test by clicking the appropriate button below.
For each account listed below indicate whether it ordinarily has a debit (D) or a credit (C) balance:
A. Advertising expense Debit
B. Accounts payable Credit
C. Retained earnings Credit
D. Prepaid insurance Debit
E. Accounts receivable Debit
F. Property & equipment Debit
G. Deferred income taxes Credit
H. Accumulated depreciation Credit
I. Accrued salaries Credit
J. Sales Credit
K. Common stock Credit
L. Investments Debit
M. Notes payable Credit
A. Advertising expense Debit
B. Accounts payable Credit
C. Retained earnings Credit
D. Prepaid insurance Debit
E. Accounts receivable Debit
F. Property & equipment Debit
G. Deferred income taxes Credit
H. Accumulated depreciation Credit
I. Accrued salaries Credit
J. Sales Credit
K. Common stock Credit
L. Investments Debit
M. Notes payable Credit