Accounting Ch 9 & 10 Review

Normal Balance of Accounts Receivable

• Debit

• Credit

• No Normal Balance

Normal Balance of Sales Discount

• Debit

• Credit

• No Normal Balance

Normal Balance of Sales

• Debit

• Credit

• No Normal Balance

Normal Balance of Purchases

• Debit

• Credit

• No Normal Balance

Normal Balance of Purchases Discount

• Debit

• Credit

• No Normal Balance

Normal Balance of Sales Tax Payable

• Debit

• Credit

• No Normal Balance

Normal Balance of Accounts Payable

• Debit

• Credit

• No Normal Balance

Normal Balance of Expenses

• Debit

• Credit

• No Normal Balance

Normal Balance of Cash Short & Over

• Debit

• Credit

• No Normal Balance

A ledger that is summarized in a single general ledger account is called a

• General Journal

• General Ledger

• Subsidiary Ledger