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Completion Complere each statement. Indicate whether each of the following statements should be completed with the word debit of credit 1. The normal balance for the owner's capital account is a 2. A decrease in an asset account is recorded as a 3. An increase to a revenue account is a 4. An increase in a liability account is recorded as a 5. An increase to the withdrawals account is a 6. An increase to Mark Cookson. Withdrawals is recorded as a 7. The normal balance for Consulting Fees is a 8. The normal balance for expense accounts is a 9. The nomal balance for Accounts Payable is a 10. An increase to Utilities Expense is a recorded as a Matching Match each item with the correct statement below a. expenses e. revenue fecognition b. fees f. temporary capital c. permanent 8. withdrawal d. revenue 11. The balance of a(n) account does not carry forward to the next accounting period. 12. When a business follows the GAAP of revenue is recorded on the date it is carned. 13. Money a business earns from the sale of goods or services is the 14. A(n) occurs when the owner takes assets out of the business for personal use. 15. The costs of doing business are known as 16. The dollar balance of a(r) account is carried forward from one period to the next