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Problem 2-58A Debit and Credit Procedures A list of accounts for Montgomery Inc. appears below. Required: Complete the table below for these accounts. The
Problem 2-58A Debit and Credit Procedures A list of accounts for Montgomery Inc. appears below. Required: Complete the table below for these accounts. The information for the first account has been entered as an example. Account Type of Account Normal Balance Increase Accounts Payable Liability Credit Credit Accounts Receivable Asset Debit Accumulated Depreciation Cash Asset Debit Common Stock Equity Credit Depreciation Expense Expense Debit Equipment Income Taxes Expense Liability Debit Interest Expense Expense Debit Land Asset Notes Payable Liability Prepaid Rent Retained Earnings Salaries Expense Service Revenue Supplies Credit
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