ACC 225
Axia College of University of Phoenix (UoP)
Financial Accounting
Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)
ACC 225 Solution
Help in ACC 225
Quick Study Questions 2-5 (QS 2-5) 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)
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