Normal Balances of Accounts for Retail Business What is the normal balance of the following accounts? a. Cost of Goods Sold b. Customer Refunds Payable c. Delivery Expense d. Estimated Returns Inventory e. Inventory f. Sales g. Sales Tax Payable

Please find the answer in the explanation section.

Explanation:

The rule is:

Debit Increases assets and expenses while credit decreases assets and expenses.

Debit decreases revenue(sales), liability and Equity (capital) while credit increases revenue(sales), liability and Equity (capital)

a. Cost of Goods Sold Debit

b. Customer Refunds Payable --- credit

c. Delivery Expense Debit

d. Estimated Returns Inventory Credit

e. Inventory Debit

f. Sales Credit

g. Sales Tax Payable credit.

answer the amount a seller is paid minus the cost of production;

answeraggressive behavior tactics include all of the above;