answer of 39,40

39. For the accounts listed below, indicate if the normal balance of the account is a debit or credit. A normal balance is the side of the account where increases are recorded. Normal Balance Debit or Credit Accounts Service Revenue Rent Expense Accounts Receivable Accounts Payable Share Capital Office Supplies Insurance Expense Trademark Office Building Notes Payable 40. For each transaction noted below, write in the appropriate column the titles of the accounts to be debited and credited. Debit Credit Issued ordinary shares for cash Paid salaries expense Purchased a truck on credit Received cash for professional services rendered Paid accounts payable Borrowed money from a bank by issuing a