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OCANDICE CUSACK, ISTOCK On your own 2-1 Determining the increase and decrease and the normal balance sides for accounts Write the answers to the
OCANDICE CUSACK, ISTOCK On your own 2-1 Determining the increase and decrease and the normal balance sides for accounts Write the answers to the following problems in the Working Papers. Work this problem independently. Cash Accounts Receivable-White Company Accounts Receivable-Jagerstrom Inc. Supplies For each account, complete the following: 1. Prepare a T account. 2. Label the debit and credit side. 3. Draw an up arrow (1) on the increase side. Prepaid Insurance Accounts Payable-West End Hardware Shelley Feinstein, Capital 4. Draw a down arrow () on the decrease side. 5. Label the normal balance side. Using T Accounts Lesson 2-1 35
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