Normal Balances—All Accounts

This assignment is an opportunity for you to practice identifying the normal balance for all types of accounts, including assets, liabilities, equity, revenue, expense, contra assets, contra liabilities, and adjunct liabilities (such as premiums on bonds payable).

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)