For each of the following accounts, indicate (a) The normal balance, (b) The effect of a debit on the account, and (c) The effect of a credit on the account 1 Accounts Payable 2 Accounts Receivable 3 Cash 4 Supplies 5 J Takamoto, Capital 6 J Takamoto, Drawings 7 Prepaid Rent 8 Rent Expense 9 Servic...

a b c Normal Debit Credit Balance Effect Effect 1 Accounts Payable Credit Decrease Increase 2 ...

For each of the following accounts, indicate (a) The normal balance, (b) The effect of a debit

Question:

For each of the following accounts, indicate

(a) The normal balance,

(b) The effect of a debit on the account, and

1. Accounts Payable

2. Accounts Receivable

3. Cash

4. Supplies

5. J. Takamoto, Capital

6. J. Takamoto, Drawings

7. Prepaid Rent

8. Rent Expense

9. Service Revenue

10. Unearned Revenue

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 15, 2017 10:55 AM

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For each of the following accounts, indicate (a) The normal balance, (b) The effect of a debit

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Accounting Principles Part 1

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