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Q no 2: The following accounts are from Yoojin Chang's interior design company, Big Apple Design. For each account, complete the following. The first
Q no 2: The following accounts are from Yoojin Chang's interior design company, Big Apple Design. For each account, complete the following. The first one has been completed for you as an example Marks 10 (a) Basic Account (b) Financial Statement (c) Normal Balance (d) Effect (e) Effect of of a Debit a. Cash Asset Balance Sheet Debit Increase a Credit Decrease b. Supplies c. Accounts Payable d. Yoojin Chang, Capital Account e. Yoojin Chang, Withdrawals f. Design Revenue g. Salaries Expense h. Accounts Receivable i. Notes Payable j. Prepaid insurance
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