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pter 2 Graded Assignments value 1.54 points Below is a list of common accounts. Required: indicate whether the normal balance of each account is a debit or a credit. AccountsDebit or Credit 1. Cash 2. Service revenue 3. Salaries expense 4. Accounts payable 5. Equipment 6. Retained eamings 7. Utilities expense 8. Accounts receivable 9. Dividends 10 Common stock References eBook & Resources Worksheet Difficulty 2 Medium O Type here to search

Solution

1. Debit 2. Credit 3. Debit 4. Credit 5. Debit 6. Credit 7. Debit 8. Debit 9. Debit 10. Credit