DEBIT AND CREDIT PROCEDURES A list of accounts for Montgomery, Inc., appears below.

Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Depreciation Expense Equipment Income Tax Expense Interest Expense Land Notes Payable Prepaid Rent Retained Earnings Salaries Expense Service Revenue Supplies Inventory Required:

Complete the table below for these accounts. The information for the first account has been entered as an example.

Account Type of Account Normal Balance Increase Decrease Accounts Payable Liability Credit Credit Debit