April 1, 2015

Homework Help: accounting, correction

Posted by student acc on Thursday, November 1, 2007 at 10:30pm.

can someone correct these for me thanks. If you have a spare minutes. I'll appreciate it....

Identify whether the normal balances (in parentheses) assigned to the following accounts are correct
or incorrect.
a. Office supplies (Debit)
My answer: Correct
b. Owner Withdrawals (Credit)
My answer: Incorrect
c. Fees Earned (Debit)
My answer: Incorrect
d. Wages Expense (Credit)
My answer:Incorrect
e. Cash (Debit)
My answer:Correct
f. Prepaid Insurance (Credit)
My answer: Incorrect
g. Wages Payable (Credit)
MY answer: Correct
h. Building (Debit)
My ansswer: Correct

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