Question 2 6.5 pts For each of the following accounts, indicate the effect of (1) a...
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Question 2 6.5 pts For each of the following accounts, indicate the effect of (1) a debit to the account, (2) a credit to the account, and (3) the side of a normal balance. Account Name Debit Effect 1. Accounts Payable decrease 2. Dividends Credit Effect increase increase decrease Normal Balance (credit or debit) credit 3. Service Revenue decrease increase [Select] [Select] debit credit [Select] 4. Equipment 5. Utility Expense [Select] [Select] [Select] Question 2 6.5 pts For each of the following accounts, indicate the effect of (1) a debit to the account, (2) a credit to the account, and (3) the side of a normal balance. Account Name Debit Effect 1. Accounts Payable decrease 2. Dividends Credit Effect increase increase decrease Normal Balance (credit or debit) credit 3. Service Revenue decrease increase [Select] [Select] debit credit [Select] 4. Equipment 5. Utility Expense [Select] [Select] [Select]
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