The following table summarizes the rules of debit and credit. For each of the items (a) through
Question:
The following table summarizes the rules of debit and credit. For each of the items (a) through (l), indicate whether the proper answer is a debit or acredit.
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Normal Increase Decrease Balance Balance sheet accounts: Debit (a) (ь) (d) Asset Credit Liability Stockholders' equity: Capital stock Retained earnings (c) (e) (g) Debit Debit (f) Debit Credit (h) Dividends Debit Income statement accounts: (i) (1) () Credit (k) Revenue Debit Expense
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