9) For liabilities and revenues, a debit increases the account.
10) The balance of an account is the:
A) amount remaining in an account.
B) account number as shown in the chart of Accounts.
C) sum of the debits only.
D) sum of the credits only.
11) For Accounts receivable, the category of account and its normal balance are:
A) Stockholders' equity and a credit balance.
B) Assets and a debit balance.
C) Liabilities and a credit balance.
D) Assets and a credit balance.
12) For Accounts payable, the category of account and its normal balance are:
A) Stockholders' equity and a credit balance.
B) Assets and a debit balance.
C) Liabilities and a credit balance.
D) Assets and a credit balance.
13) For Cash, the category of account and its normal balance are:
A) Assets and a debit balance.
B) Liabilities and a credit balance.
C) Stockholders' equity and a credit balance.
D) Assets and a credit balance.
14) For Common stock, the category of account and its normal balance are:
A) Stockholders' equity and a credit balance.
B) Assets and a debit balance.
C) Liabilities and a credit balance.
D) Stockholders' equity and a debit balance.
15) For Supplies, the category of account and its normal balance are:
A) Stockholders' equity and a credit balance.
B) Assets and a debit balance.
C) Liabilities and a credit balance.
D) Assets and a credit balance.
16) For Salary payable, the category of account and its normal balance are:
A) Stockholders' equity and a credit balance.
B) Assets and a debit balance.
C) Liabilities and a credit balance.
D) Assets and a credit balance.
17) For Expenses, the category of account and its normal balance are:
A) Stockholders' equity and a credit balance.
B) Assets and a debit balance.
C) Liabilities and a credit balance.
D) Stockholders' Equity and a debit balance.
18) For Revenues, the category of account and its normal balance are:
A) Stockholders' equity and a credit balance.
B) Assets and a debit balance.
C) Liabilities and a credit balance.
D) Stockholders' equity and a debit balance.