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

Accounts Payable Accounts Receivable Bonds Payable Building Cash Common Stock Cost of Goods Sold Depreciation Expense Income Taxes Payable Insurance Expense Intangibles Interest Expense Inventory Long-Term Investments Retained Earnings Sales Unearned Revenue Utility Expense 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 Receivable Asset Debit Debit Credit