Indicate whether the Debit or Credit is the correct answer for each of the following Decrease...
Indicate whether the Debit or Credit is the correct answer for each of the following
Decrease in account receivable.
Normal balance of Joe Smith, Capital
Normal balance of rent expense
Increase in service revenue
Increase in Accounts Payable
Increase in salary expense
Increase in equipment
Homework Answers
Answer with explanation is given below
Add Answer to:
Indicate whether the Debit or Credit is the correct answer for
each of the following
Decrease...
Indicate whether a debit or credit decreases the normal balance of each of the following accounts....
Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. Cash b. Accounts Receivable c. Note Receivable Prepaid Insurance Prepaid Rent Service Fees Earned Prepaid Parking Supplies Interest Revenue Store Equipment k Office Supplies Salaries Payable
Indicate whether a debit will increase (l) or decrease (D) each of the following accounts listed...
Indicate whether a debit will increase (l) or decrease (D) each of the following accounts listed in items 1 through 15. Increase (1) or Decrease (D) Account Inventory Depreciation expense Accounts payable Prepaid rent Sales revenue Common stock Salaries payable Cost of goods sold Utilities expense Equipment Accounts receivable Utilities payable Rent expense Interest expense Interest revenue
Problem 3 - (worth 5 Points) 3) For each of the following items, indicate whether a...
Problem 3 - (worth 5 Points) 3) For each of the following items, indicate whether a debit (dr.) or credit (er.) causes the account to decrease. Accounts receivable _Accounts payable _Equipment Capital _Notes Payable Salary payable _Building Supplies Interest payable Furniture For each of the following items, indicate whether the normal balance is a debit (dr.) or credit (er.) Cash Service Revenue Land Owner's Withdrawals _Notes Receivable Salary Expense _Notes Payable Supplies Expense Interest Expense Furniture
Indicate whether a debit or credit decreases the normal balance of each of the following accounts....
Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance Credit Debit a. Factory b. Fuel Expense C. Rent Expense d. Rent Payable e. Furniture f. Land g. Equipment h. Common Stock i. Interest Payable j. Delivery Expense k. Postage Expense 1. Buildings Debit Debit Debit
mework 5: Ch20 Saved Indicate whether a debit will increase (1) or decrease (D) each of...
mework 5: Ch20 Saved Indicate whether a debit will increase (1) or decrease (D) each of the following accounts listed in items 1 through 15. Increase (I) or Decrease (D) Account 2. 0.58 points 3. eBook References Inventory Depreciation expense Accounts payable Prepaid rent Sales revenue Common stock Salaries payable Cost of goods sold Utilities expense Equipment Accounts receivable Utilities payable Rent expense Interest expense Interest revenue
2. Indicate with a "D" for Debit and a "C" for Credit, each accounts normal balance...
2. Indicate with a "D" for Debit and a "C" for Credit, each accounts normal balance (hint: the side you increase the account on). Cash Unearned Revenue Common Stock Revenue Salary Expense Accounts Payable Equipment Accounts Receivable Building Depreciation Expense
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders'...
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (a) (c) (d) (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable Accounts Receivable Liability 2. Asset 3. Cash Asset < 4. Common Shares Shareholders' Equity V 5. Deferred Revenue Liability...
Exercise A In the following table, indicate how to increase or decrease (debit or credit) each...
Exercise A In the following table, indicate how to increase or decrease (debit or credit) each account, and indicate its normal balance (debit or credit). Increased Decreased Normal by by Balance (debit or credit) (debit or credit) (debit or credit) Title of Account Merchandise Inventory Sales Sales Returns and Allowances Sales Discounts Accounts Receivable Purchases Purchase Returns and Allowances Purchase Discounts Accounts Payable Transportation-In
For each of the following accounts, indicate the effect of a debit or credit on the...
For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance a. Bonds Payable. 7 V b. Unearned Service Revenue. < V c. Depreciation Expense. < > v d. Common Stock. V < < e. Buildings. < > < f. Rent Revenue. > C
Indicate whether a debit or credit decreases the normal balance of each of the following accounts...
Indicate whether a debit or credit decreases the normal balance of each of the following accounts Decrease Normal Balance Unearned Revenue b. Unearned Store Sales c. Accounts Payable d. Taxes Payable e. Common Stock f. Buildings 9. Consulting Revenue h. Factory Service Fees Earned Haircutting Revenue Service Revenue 1. Interest Revenue 1 < Prev 34 of 63 !!! Next >
Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. Cash b. Accounts Receivable c. Note Receivable Prepaid Insurance Prepaid Rent Service Fees Earned Prepaid Parking Supplies Interest Revenue Store Equipment k Office Supplies Salaries Payable
Indicate whether a debit will increase (l) or decrease (D) each of the following accounts listed in items 1 through 15. Increase (1) or Decrease (D) Account Inventory Depreciation expense Accounts payable Prepaid rent Sales revenue Common stock Salaries payable Cost of goods sold Utilities expense Equipment Accounts receivable Utilities payable Rent expense Interest expense Interest revenue
Problem 3 - (worth 5 Points) 3) For each of the following items, indicate whether a debit (dr.) or credit (er.) causes the account to decrease. Accounts receivable _Accounts payable _Equipment Capital _Notes Payable Salary payable _Building Supplies Interest payable Furniture For each of the following items, indicate whether the normal balance is a debit (dr.) or credit (er.) Cash Service Revenue Land Owner's Withdrawals _Notes Receivable Salary Expense _Notes Payable Supplies Expense Interest Expense Furniture
Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance Credit Debit a. Factory b. Fuel Expense C. Rent Expense d. Rent Payable e. Furniture f. Land g. Equipment h. Common Stock i. Interest Payable j. Delivery Expense k. Postage Expense 1. Buildings Debit Debit Debit
mework 5: Ch20 Saved Indicate whether a debit will increase (1) or decrease (D) each of the following accounts listed in items 1 through 15. Increase (I) or Decrease (D) Account 2. 0.58 points 3. eBook References Inventory Depreciation expense Accounts payable Prepaid rent Sales revenue Common stock Salaries payable Cost of goods sold Utilities expense Equipment Accounts receivable Utilities payable Rent expense Interest expense Interest revenue
2. Indicate with a "D" for Debit and a "C" for Credit, each accounts normal balance (hint: the side you increase the account on). Cash Unearned Revenue Common Stock Revenue Salary Expense Accounts Payable Equipment Accounts Receivable Building Depreciation Expense
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (a) (c) (d) (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable Accounts Receivable Liability 2. Asset 3. Cash Asset < 4. Common Shares Shareholders' Equity V 5. Deferred Revenue Liability...
For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance a. Bonds Payable. 7 V b. Unearned Service Revenue. < V c. Depreciation Expense. < > v d. Common Stock. V < < e. Buildings. < > < f. Rent Revenue. > C
Indicate whether a debit or credit decreases the normal balance of each of the following accounts Decrease Normal Balance Unearned Revenue b. Unearned Store Sales c. Accounts Payable d. Taxes Payable e. Common Stock f. Buildings 9. Consulting Revenue h. Factory Service Fees Earned Haircutting Revenue Service Revenue 1. Interest Revenue 1 < Prev 34 of 63 !!! Next >
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