Question

Account(s) with a normal credit balance include:_________. A) Accounts Receivable B) Allowance for Uncollectible Accounts C) Bad Debt Expense D) Cash E) Sales Revenue

Answer 1

Answer:

E) Sales Revenue

Explanation:

As we know that

The normal debit balance records the asset side, expenses side while the normal credit balance records the revenue side, stockholder equity

As in the given situation, the sales revenue has only the normal credit balance.

The other item except the allowance for uncollectible accounts have a debit balance. The allowance for uncollectible accounts has contra asset account.