Do the following accounts have a normal debit or normal cred…

Do the following accounts have a normal debit or normal credit balance? Accounts Receivable [1] Sales Discounts [2] Cost of Goods Sold [3] Deferred Revenue [4] Allowance for Uncollectible Accounts [5] Depreciation Expense [6] Prepaid Rent [7] Accumulated Depreciation [8] Treasury Stock [9] Common Stock [10] Freight Out [11] Dividends [12]

Are the following statements true or false? The trial balan…

Are the following statements true or false? The trial balance helps to uncover if a company recorded a journal entry twice.   [1] If a company failed to record a journal entry this would not be uncovered while preparing a trial balance. [2] The adjusted trial balance is used to help prepare the financial statements. [3]