Liability accounts have normal balances on the credit side. © AccountingInfo.com
Asset accounts have normal balances on the debit side . © AccountingInfo.com
Debit side and Credit side of a Journal Entry [1] © AccountingInfo.com
Q50. Review questions 5 (1) Entity A issued 20,000 shares of common stock at $26 per share. The par value of common stock is $1
Q49. Review questions 4 (1) Entity A issued $800,000 bonds at a discount and received $780,000 in cash. (2) Entity B issued $900,000 bonds at
Q48. Review questions 3 (1) Entity A recorded annual depreciation expense of $4,300. (2) Entity B accrued $9,200 salaries expense to be paid on the