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Build a T-account for each account title. Label the DR (debit), CR (credit), NB (normal balance), and + or -. Accounts Receivable + + Interest
Build a T-account for each account title. Label the DR (debit), CR (credit), NB (normal balance), and "+" or "-". Accounts Receivable + + Interest Expense + Debit Normal Balance Common Stock + Credit Utilities Payable + - Dividends + + 7 Service Revenue + + 20 00000
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Frank Woods Business Accounting Volume 1
Authors: Frank Wood, Alan Sangster
11th Edition
0273712128, 978-0273712121
