Prepaid Insurance a ANSWER: Fees Earned d ANSWER: Patents a ANSWER: Chris Clark, Drawing c ANSWER: For each of the following accounts, indicate whether its normal balance is on the credit side or the debit side of the T account. Credit side Debit side Moderate DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-02 - 02-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic John Smith, Capital a ANSWER: Accounts Receivable b ANSWER: Accounts Payable a ANSWER: Interest Earned a ANSWER:
Prepaid Insurance ANSWER: a Fees Earned ANSWER: d Patents ANSWER: a Chris Clark, Drawing ANSWER: c For each of the following accounts, indicate whether its normal balance is on the credit side or the debit side of the T account. Credit side Debit side DIFFICULTY: Moderate Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-02 - 02-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic John Smith, Capital ANSWER: a Accounts Receivable ANSWER: b Accounts Payable ANSWER: a Interest Earned ANSWER: a
Test-Bank-for-Accounting-26th-Edition-by-Warren.docx