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View Full Version : Retained earnings debit or credit


mrssmith30
May 5, 2012, 07:55 AM
Retained earnings, debit or credit
Investments, debit or credit
Advertising fees earned, debit or credit

pready
May 5, 2012, 02:14 PM
Retained Earnings is part of Owners Equity and will have a normal credit balance.

Investments is an asset and will have a normal debit balance.

Advertising Fees Earned is a revenue account and will have a normal credit balance.