Normal Balance Assignment | College Homework Help

4 Question 1: Calculate the Normal Balance Normal balance = Increasing side minus decreasing side, Inventory Debit Credit 3/1/2020 $20,000 $1,000 3/15/2020 $1,500 Account Payable Debit Credit $2,800 $500 3/28/2020 $800 $200 3/5/2020 3/1/2020 3/20/2020 Supplies Expenses Debit Credit 3/8/2020 $740 3/12/2020 $500 3/23/2020 $1,000 $650 3/30/2020 3/30/2020 Cash Debit 3/3/2020 $10,000 Credit Accout Receivable Debit Credit 3/5/2020 $3,000 $500 3/15/2020 3/20/2020 $2,500 $1,000 3/30/2020 Salary Expense Debit Credit 3/15/2020 $3,000 3/29/2020 $3,000 $1,200 3/22/2020 3/28/2020 $5,000 $3,000 3/30/2020 Accout Receivable Debit Credit 3/5/2020 $3,000 $500 3/15/2020 3/20/2020 $2,500 $1,000 3/30/2020 Owner Equity Debit Credit $30,000 $5,000 3/20/2020 $5,000 Owner Withdraw Debit Credit 3/25/2020 $2,500 3/3/2020 3/10/2020