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Problems 21. The followin to identity the type of account, its normal balance and how a debit impacts the account. g is a list of
Problems 21. The followin to identity the type of account, its normal balance and how a debit impacts the account. g is a list of accounts for Homer's Management Company. Use the form below 8 points Type of Account Normal Balance Debit Impact Asset Liability Equity Debit Credit Increase Decrease Example: Cash 1. Homer Capital 2. Interest Payable 0 4. Homer Withdrawals ! 7: Advertising Expense 3. Land t 5. Fees Earned 6. Prepaid Rent 8. Unearned Rent Revenue 9. Commissions Earned 10. Notes Receivable 2 eer Problems 21. The followin to identity the type of account, its normal balance and how a debit impacts the account. g is a list of accounts for Homer's Management Company. Use the form below 8 points Type of Account Normal Balance Debit Impact Asset Liability Equity Debit Credit Increase Decrease Example: Cash 1. Homer Capital 2. Interest Payable 0 4. Homer Withdrawals ! 7: Advertising Expense 3. Land t 5. Fees Earned 6. Prepaid Rent 8. Unearned Rent Revenue 9. Commissions Earned 10. Notes Receivable 2 eer
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