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Complete the following table. The first one has been done for you. Account Normal Balance (Debit/Credit) Increase in Equipment Debit Increase in Accounts Receivable Increase
Complete the following table. The first one has been done for you.
Account | Normal Balance (Debit/Credit) |
|
|
Increase in Equipment | Debit |
Increase in Accounts Receivable |
|
Increase in Rent Expense |
|
Decrease in Interest Receivable |
|
Increase in Office Equipment |
|
Increase in Interest Income |
|
Decrease in Accounts Payable |
|
Increase in Service Income |
|
Increase in Wages Expense |
|
Decrease in Accounts Receivable |
|
Decrease in Loan Payable |
|
|
|
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