Click to watch the Tell Me More Learnin g Objective 4 video and then answer the

Question

Click to watch the Tell Me More Learnin g Objective 4 video and then answer the questions below 1. All of the following accounts have normal debit balances except for a. cash. b. expenses. c. capital. d. accounts receivable. 2. All of the following accounts have normal credit balances except for a. cash. b. accounts payable. c. capital. d. wages payable. 3. Which step would be done last when preparing a trial balance? a. List the name of the company, the title of the trial balance, and the date the trial balance is prepared b. List the accounts from the ledger, and enter their debit c. Verify that the total of the Debit column equals the total of the Credit column. d. Total the Debit and Credit columns of the trial balance. or credit balance in the Debit or Credit column of the trial balance

Explanation / Answer

1)correct otpion is "C"

Capital is a part of equity which normally has credit balance

2)correct option is "A" -cash

cash is a n asset which normally has a debit balance

3)correct option is "C"

Verifying that after totaling the debit and credit side ,both sides are equal.

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