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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....
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 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
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance...
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) Credit c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance...
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings
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
QS 2-4 Identifying normal balance LO C4 Identify the normal balance (debit or credit) for each...
QS 2-4 Identifying normal balance LO C4 Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Rent Expense Debit b. Legal Expense Debit c. Interest Payable Credit d. Factory Debit e. Fees Earned (Revenues) Credit f. Haircutting Revenue Credit 9. Accounts Payable Credit h. Land Debit 1. Office Supplies Debit
Identify whether a debit or credit results in the indicated change for each of the following...
Identify whether a debit or credit results in the indicated change for each of the following accounts. a. To increase Note Receivable b. To decrease Prepaid Rent c. To increase Delivery Expense d. To increase Haircutting Revenue e. To decrease Utilities Payable f. To decrease Prepaid Parking g. To increase Taxes Payable h. To decrease Furniture i. To increase Common Stock j. To increase Office Supplies Indicate the financial statement on which each of the following items appears. Use Ifor...
For each of the following accounts, indicate the (a) effect of a debit or credit on...
For each of the following accounts, indicate the (a) effect of a debit or credit on the account, (b) normal balance, and (c) appropriate statement classification (income statement, statement of changes in equity, and/or statement of financial position). Note that there may be more than one statement classification in some cases. (a) (b) (c) Statement Classification Debit Effect Credit Effect Normal Balance 1. Bank loan payable 2. Property tax expense 3. Fees earned 4. Cash 5. Unearned revenue 6. Buildings...
Identify whether a debit or credit results in the indicated change for each of the following...
Identify whether a debit or credit results in the indicated
change for each of the following accounts.
Identify whether a debit or credit results in the indicated change for each of the following accounts. Credit a. To increase Cash b. To decrease Supplies c. To increase Janitorial Expense d. To increase Haircutting Revenue e. To decrease Taxes Payable f. To decrease Office Supplies g. To increase Unearned Subscriptions h. To decrease Land i. To increase Common Stock j. To increase...
Identify the normal balance (debit or credit) for each of the following accounts 2 Normal Ending...
Identify the normal balance (debit or credit) for each of the following accounts 2 Normal Ending Balance a Rental Revenue b Note Receivable 2 c Haircutting Revenue points d Common Stock ePrepaid Rent eBock fDividends Priet Salaries Payable h Accounts Payable References iPrepaid Insurance
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 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
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) Credit c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Factory b. Fees Earned (Revenues) c. Haircutting Revenue d. Accounts Payable e. Land f. Office Supplies g. Cash h. Insurance Expense i. Buildings
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
QS 2-4 Identifying normal balance LO C4 Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Rent Expense Debit b. Legal Expense Debit c. Interest Payable Credit d. Factory Debit e. Fees Earned (Revenues) Credit f. Haircutting Revenue Credit 9. Accounts Payable Credit h. Land Debit 1. Office Supplies Debit
Identify whether a debit or credit results in the indicated change for each of the following accounts. a. To increase Note Receivable b. To decrease Prepaid Rent c. To increase Delivery Expense d. To increase Haircutting Revenue e. To decrease Utilities Payable f. To decrease Prepaid Parking g. To increase Taxes Payable h. To decrease Furniture i. To increase Common Stock j. To increase Office Supplies Indicate the financial statement on which each of the following items appears. Use Ifor...
For each of the following accounts, indicate the (a) effect of a debit or credit on the account, (b) normal balance, and (c) appropriate statement classification (income statement, statement of changes in equity, and/or statement of financial position). Note that there may be more than one statement classification in some cases. (a) (b) (c) Statement Classification Debit Effect Credit Effect Normal Balance 1. Bank loan payable 2. Property tax expense 3. Fees earned 4. Cash 5. Unearned revenue 6. Buildings...
Identify whether a debit or credit results in the indicated
change for each of the following accounts.
Identify whether a debit or credit results in the indicated change for each of the following accounts. Credit a. To increase Cash b. To decrease Supplies c. To increase Janitorial Expense d. To increase Haircutting Revenue e. To decrease Taxes Payable f. To decrease Office Supplies g. To increase Unearned Subscriptions h. To decrease Land i. To increase Common Stock j. To increase...
Identify the normal balance (debit or credit) for each of the following accounts 2 Normal Ending Balance a Rental Revenue b Note Receivable 2 c Haircutting Revenue points d Common Stock ePrepaid Rent eBock fDividends Priet Salaries Payable h Accounts Payable References iPrepaid Insurance
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