For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.
Debit | Credit | Normal | ||||
effect | Effect | balance | ||||
a | Accounts payable | decrease | increase | Credit | ||
b | Advertising expense | increase | decrease | debit | ||
c | Service revenue | decrease | increase | credit | ||
d | Accounts receivable | increase | decrease | debit | ||
e | Retained earnings | decrease | increase | credit | ||
f | Dividends | increase | decrease | debit | ||
For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.
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
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...
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 a. Accounts Payable. b. Advertising Expense. Service Revenue. c. 2 d. Accounts Receivable. e. Retained Earnings f. Dividends. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
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
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
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
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 >
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 View Policies Current Attempt in Progress For each of the following...
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 (debit (debit or credit) or credit) or credit) Title of Account Merchandise Inventory Sales Sales Returns and Allowances Sales Discounts Accounts Receivable Purchases Purchase Returns and Allowances Purchase Discounts Reference-Established up your response in EXCEL workbook as the Table shown in the question & put your reply of Debit...
For the following accounts please indicate whether the normal balance is a debit or a credit. Sales Dividends Office Supplies Retained Earnings Accounts Receivable Prepaid Rent Prepaid Insurance Wages Payable Building Wages Expense
> correct! thanks
Winson Ao Zhang Mon, Apr 25, 2022 2:43 AM