Which of the following accounts are expected to have a debit normal balance? 1.Merchandise Inventory
2)Rent Expense
3)Paid-in Capital
4)Accumulated Depreciation
5)Sales
6)Prepaid Rent
7)Accounts Payable
A)Merchandise Inventory,Rent Expense,Prepaid Rent
B)Merchandise Inventory,Paid-in Capital,Sales,Prepaid Rent
C)Paid-in Capital,Accumulated Depreciation,Sales,Accounts Payable
D)Rent Expense,Accumulated Depreciation,Accounts Payable
E)Merchandise Inventory,Paid-in Capital,Accumulated Depreciation,Accounts Payable

Question

Quizplus · Accepted Answer

Merchandise Inventory, Rent Expense, and Prepaid Rent are all expected to have a debit normal balance. Merchandise Inventory and Prepaid Rent represent assets that are expected to increase with a purchase or payment, respectively. Rent Expense represents an expense that has been incurred and needs to be recorded as a debit to recognize the cost.

Which of the Following Accounts Are Expected to Have a Debit