Normal Balances—Balance Sheet Accounts

This assignment covers normal balances for basic balance sheet accounts. It is meant to allow you to practice identifying the normal balance for accounts you learn early in the semester, prior to learning more complex accounts relating to the income statement, bonds, depreciation, and so forth.

Relevant Excel Functions

This assignment will require you to be able to use some or all of the following Excel functions. Click on the hyperlinked section number next to the relevant Excel skill to be directed to a page showing how to perform the assigned task in Excel:

• Drop-Down Lists (1.10)