Indicate whether each of the accounts listed below normally will have a debit or a credit balance. Record your answer to the left of each account by entering either Dr or Cr.
____ 1. Allowance for doubtful accounts
____ 2. Bad debt expense
____ 3. Sales returns and allowances
____ 4. Deferred revenue
____ 5. Sales discounts
____ 6. Notes receivable
____ 7. Sales revenue
____ 8. Short-term investments

Question

Indicate whether each of the accounts listed below normally will have a debit or a credit balance. Record your answer to the left of each account by entering either Dr or Cr.
____ 1. Allowance for doubtful accounts
____ 2. Bad debt expense  
____ 3. Sales returns and allowances 
____ 4. Deferred revenue  
____ 5. Sales discounts  
____ 6. Notes receivable 
____ 7. Sales revenue  
____ 8. Short-term investments

Quizplus · Accepted Answer

The Answer of Indicate whether each of the accounts listed below normally will have a debit or a credit balance. Record your answer to the left of each account by entering either Dr or Cr.
____ 1. Allowance for doubtful accounts
____ 2. Bad debt expense  
____ 3. Sales returns and allowances 
____ 4. Deferred revenue  
____ 5. Sales discounts  
____ 6. Notes receivable 
____ 7. Sales revenue  
____ 8. Short-term investments

Indicate Whether Each of the Accounts Listed Below Normally Will