Chapter 5 - Debits and Credits

Normal balance of Supplies

• debit
• credit

When supplies are bought on account, which column is used in Accounts Payable?

• debit
• credit

Normal balance of owner's capital account

• debit
• credit

Balance column in the capital account after an initial investment is posted.

• debit
• credit

Normal balance of Sales

• debit
• credit

Which side is the account balance when the only entry is a credit?

• debit
• credit

Normal balance of Cash

• debit
• credit

Balance column in the cash account after the special amount column totals for Cash are posted

• debit
• credit

Where is the account balance recorded when the debit balance is larger than the credit balance?

• debit
• credit

Where is the new balance recorded when the old balance is a $500 debit and current entry is a $200 credit?

• debit
• credit