Question

View Policies Current Attempt in Progress For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance Accounts Payable. a. b. < > < > < d. Advertising Expense. Service Revenue. Accounts Receivable. Retained Earnings. Dividends. < e. f. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Answer 1

1 2 3 4 5 6 Debit Effect Credit Effect Normal Balance Accounts Payable Decrease Increase Credit Advertising Expense Increase Decrease Debit Service Revenue Decrease Increase Credit Accounts Receivable Increase Decrease Debit Common stock Decrease Increase Credit Dividend Increase Decrease Debit Note : For a Credit Balance account, if we debit them, it will decrease and if we credit it will increase For a Debit Balance account, if we credit them, it will decrease and if we debit it will increase

а b с d e f Debit Effect Credit Effect Normal Balance Bonds Payable Decrease Increase Credit Unearned Service revenue Decrease Increase Credit Depreciation Expense Increase Decrease debit Common stock Decrease Increase Credit Buildings Increase Decrease debit Rent Revenue Decrease Increase Credit