NEXT Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kiesn. Trenholm. Trvine, and Rurnlev PRINTER VERSION BACK Brief Exercise 3-3 For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. Basle Type Normal Balance Debit Effect Credit Effect 1. Accounts Payable 2. Accounts Receivable 3. Cash 4. Common Shares 5. Dividends Dedored 6. Eviment 7. Income Tax Expense 9. Service Revenue 10. Uneamed Revenue By accessing this question Assistance, you will leam while you earn points based on the Point Potential Policyst by your instructor Question Attempt of 2 used Scht Liability Shareholders' Equity Asset PRINTER VERSION BACK NET Brief Exercise 3-3 For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (d) Basic Type Normal Balance Debit Effect Credit Effect 1. Accounts Payable 2. Accounts Receivable 3. Cash 4. Common Shares 5. Dividends Declared 6. Equipment 7. Income Tax Expense 8. Retained Earnings 9. Service Revenue 10. Unearned Revenue LINK TO TEXT By accessing this question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor Credit Debit Brief Exercise 3-3 For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable 2. Accounts Receivable 3. Cash 4. Common Shares 5. Dividends Declared 6. Equipment 7. Income Tax Expense 8. Retained Earnings 9. Service Revenue 10. Unearned Revenue LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Polset bour st Increase Decrease Brief Exercise 3-3 For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (d) (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable 2. Accounts Receivable 3. Cash 4. Common Shares 5. Dividends Declared 6. Equipment 7. Income Tax Expense 8. Retained Earnings 9. Service Revenue 10. Unearned Revenue LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your ^ st Increase Decrease