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

Hi, lynette3535!

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Thanks!

The following types of accounts have a normal Debit balance: Expense, Asset, Dividends

The following types of accounts have a normal Credit balance: Uneraned Revenue, Revenue, Liabilities, Owner's Equity or Shareholder Equity