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For each of the following accounts, indicate (a) the normal balance, (b) the effect of a debit on the account, and (c) the effect of
For each of the following accounts, indicate (a) the normal balance, (b) the effect of a debit on the account, and (c) the effect of a credit on the account:
For each of the following accounts, indicate (a) the normal balance, (b) the effect of a debit on the account, and (c) the effect of a credit on the account: (a) (b) (c) Normal Balance Debit Effect Credit Effect 1. Accounts Payable Credit Decrease Increase 2. Supplies Debit Credit > 3. J. Takamoto, Capital 4. J. Takamoto, Drawings 5. Prepaid Rent 6. Utilitites Expense 7. Service Revenue 8. Unearned Revenue For each of the following accounts, indicate (a) the normal balance, (b) the effect of a debit on the account, and (c) the effect of a credit on the account: (a) (b) (c) Normal Balance Debit Effect Credit Effect 1. Accounts Payable Credit Decrease Increase 2. Supplies Increase Decrease 3. J. Takamoto, Capital J. Takamoto, Drawings 4. 5. Prepaid Rent 6. Utilitites Expense 7. Service Revenue 8. Unearned Revenue For each of the following accounts, indicate (a) the normal balance, (b) the effect of a debit on the account, and (c) the effect of a credit on the account: (a) (b) (c) Normal Balance Debit Effect Credit Effect 1. Accounts Payable Credit Decrease Increase 2. Supplies Increase Decrease 3. J. Takamoto, Capital 4. J. Takamoto, Drawings 5. Prepaid Rent 6. Utilitites Expense 7. Service Revenue 8. Unearned RevenueStep by Step Solution
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