Chapter 3 Additional Exercises 3-1 (SO 2) For each of the following accounts indicate (a) the effect of a debit or a credit on the account and (b) the normal balance. 1. Accounts Payable 2. Advertising Expense 3. Service Revenue 4. Accounts Receivable 5. Common Stock 6. Dividends 3-2 (SO 2) Transactions for Doris Wang Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction, and journalize the transactions. June 1 Doris Wang invests $12,000 cash in exchange for shares of common stock in a small printing corporation. 2 Buys equipment on account for $7,500. 3 Pays $800 to landlord for June rent. 12 Bills B. J. Chang $400 for printing work done. 3-3 (SO 4) Jim Carrey Corporation has the following transactions during August of the current year. Indicate (a) the basic analysis and (b) the debitcredit analysis illustrated on pages 9093 of the text. Journalize the transactions. Aug. 1 Opens an office as a financial advisor, inves