Problem 2-58B 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	Decrease
Accounts Payable	Liability	Credit	Credit	Debit
Accounts Receivable	Asset	?	?	?
Bonds Payable	Liability	?	?	?
Building	?	?	?	?
Cash	Asset	?	?	?
Common Stock	Equity	?	?	?
Copyright	?	?	?	?
Cost of Goods Sold	?	?	?	?
Depreciation Expense	Expense	?	?	?
Income Taxes Expense	?	?	?	?
Income Taxes Payable	Liability	?	?	?
Insurance Expense	?	?	?	?
Interest Expense	Expense	?	?	?
Inventory	Asset	?	?	?
Investments	?	?	?	?
Retained Earnings	Equity	?	?	?
Sales Revenue	Revenue	?	?	?
Unearned Revenue	?	?	?	?
Utilities Expense	?	?	?	?