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

Quizplus · Accepted Answer

John Smith, Capital is an owner's equity account, and the normal balance for owner's equity accounts is on the credit side.

For Each of the Following Accounts, Indicate Whether Its Normal