Indicate debit and credit effects and normal balantee. BEz.1 ( IO1 ), C For each of the following accounts indicate the effects of (a) a debit and (b) a credit on the accounts and (c) the normal balance of the account. 1. Accounts Payable. 2. Advertising Expense. 3. Service Revenue. 4. Accounts Receivable. 5. Common Stock. 6. Dividends. Identify accounts to be dehited and credited . June 1 Sheldon Cooper invests S4,ooo cash in exchange for shares of common stock in a small welding business. 2 Purchases equipment on account for $1,200. 3 Pays $800 cush to landlord for June rent. 12 Bills P. Teonard s3oo after completing welding work done on account. Journalize transactions. June 1 Sheldon Cooper invests S4,0oo cash in exchange for shares of common stock in a small welding business. 2 Purchases equipment on account for $1,200. 3 Pays $800 cash to landlord for June rent. 12 Bills P. Leonard szoo after completing welding work done on account