Which of the following accounts has a normal credit balance

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Income Tax Payable (Liability) Has a credit balance
Service Revenue (Revenue account) has a credit balance
Dividends has a credit balance
Salaries Payable has a credit balance
Unearned Revenue (Liability account) has a credit balance
Accounts Payable (Liability Account) has a credit balance
Service Revenue has a credit balance
Common Stock has a credit balance
Delivery Expense has a debit balance
Cash (Asset) has a debit balance
Repairs and Maintenance Expense has a debit balance

Which of the following accounts has a normal credit balance 2

Assets, expenses, losses, and the owner’s drawing account will normally have debit balances. Their balances will increase with a debit entry, and will decrease with a credit entry.

The credit balances include revenues and sales, liabilities, gains, and owner equity and stockholders’ equity accounts. When the account is credited, these accounts will see their balances increase. When they debited, their balances will decrease.

Which of the following accounts has a normal credit balance
Account Classification Normal Balance
Liability = Credit
Assets = Debit
Contra asset = Credit
Owner’s Equity = Credit
Contra liability = Debit
Expenses = Debit
Stockholders’ Equity =Credit
Owner’s Drawing or Dividends Account = Debit
Revenues (or Income) = Credit
Losses = Debit
Gains = Credit

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