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For Each of the Accounts Listed Below, Enter a Check

Question 113

Essay

For each of the accounts listed below, enter a check mark in the space provided to the right to indicate whether the typical or normal balance is a debit or credit.  Transaction  Typical Balance  Debit  Credit  A  Supplies  B  Notes payable  C  Retained earnings D Equipment  E  Prepaid insurance  F  Trade receivables  G  Building  H  Share capital  Trade payables \begin{array} { | l | l | l | l| } \hline{ \text { Transaction } } & \text { Typical Balance } \\\hline && \text { Debit } & \text { Credit } \\\hline \text { A } & \text { Supplies } & \\\hline \text { B } & \text { Notes payable } & \\\hline \text { C } & \text { Retained earnings } & \\\hline D & \text { Equipment } & \\\hline \text { E } & \text { Prepaid insurance } & \\\hline \text { F } & \text { Trade receivables } & \\\hline \text { G } & \text { Building } & \\\hline \text { H } & \text { Share capital } & \\\hline & \text { Trade payables } & \\\hline\end{array}

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