Q1: Assignment two For each of the following accounts, indicate the effects of (a) a debit and (b) a credit on the accounts and (c) the normal balance of the account. 1. Accounts Payable. 2. Advertising Expense. 3. Service Revenue. 4. Accounts Receivable. 5. Share Capital Ordinary. 6. Dividends. Account Increase in Normal balance account Decrease in account Accounts Payable. Advertising Expense. Service Revenue. Accounts Receivable. Share Capital- Ordinary. Dividends. Q2: Use the following data to journalize the following transactions: June | Kaustav Sen invests $4,000 cash in exchange for ordinary shares in a small welding business. 2 Purchases equipment on account for $900. 3 $800 cash is paid to landlord for June rent. Date Journal entry Debit Credit