L104 fi A B D E F G H Assets Liabilities Stockholder's Equity Debits Credits REMEMBER Stockholder's Equity contains Retained Eamings (which does have a normal credit balance), however, it contains expenses and dividends which reduce it and therefore have normal debit balances Normal Balance (Dror CT) What Increases it (Dr or C) What Decreases it (Dr or C1) 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 Account Which Type Financial (Asset, Liab, Statement? S/E Rev. Exp) (WS, R/E, B/S) Utilities Payable Long Term Investments Revenue Mortgage Payable Interest Payable Notes Payable Notes Receivable Equipment Prepaid Insurance Salaries Expense Rent Expense Accounts Payable Cost of Goods Sold Unearned Revenue Revenue Salaries Expense Salaries Payable Inventory Short Term Investments Depreciation Expense Supplies Accumulated Depreciation Supplies Expense Accounts Receivable Unearned Revenue Dividends Utilities Expense Common Stock Utilities Payable Salaries Payable Sheet1 Sheet2 Sheet3