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The following accounts are from Yoojin Chang's interior design company, Big Apple Design. For each account, complete the following. 1. The basic account category (asset,

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The following accounts are from Yoojin Chang's interior design company, Big Apple Design. For each account, complete the following. 1. The basic account category (asset, liability, owner's capital, withdrawal, revenue or expense). 2. The financial statement the account is recorded on (income Statement, Statement of Changes in Equilty or Balance Sheet 3. The normal balance (debitor credit) 4. The effect of a debit to the account increase or decrease) 5. The effect of a credit (increase or decrease) Financial Statement Basic Account Normal Balance Effect of a Debit Effect of a Credit d . a Cash b Supplies Accounts Payable Yoojin Chang, Capital Account Yoojin Chang Withdrawals Design Revenue Salaries Expense Accounts Receivable Notes Payable Prepaid insurance

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