Indicate the Normal Balance of Each of the Following Accounts

question 8

Short Answer

Indicate the normal balance of each of the following accounts:
a) Purchases Returns and Allowances
b) Merchandise Inventory
c) Freight-In
d) Sales Returns and allowances
e) Unearned Revenue

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Definitions:

Merge Cells

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A feature in text editing and word processing applications used to set or adjust the right margin of paragraphs.

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A tool in word processing software used to adjust the distance of the paragraph's first line from the left margin.

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A formatting style in text documents where the first line of a paragraph is indented more than the subsequent lines.