For each of the following accounts, indicate whether its normal balance is on the credit side or the debit side of the T account.
-Interest Earned
A)Credit side
B)Debit side

Name: For each of the following accounts, indicate whether its normal balance is on the credit side or the debit side of the T account. -Interest Earned A)Credit side B)Debit side
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Question

Quizplus · Accepted Answer

Interest Earned is an income account, and like all income accounts, it normally has a credit balance.

For Each of the Following Accounts, Indicate Whether Its Normal