Determining Normal Balance, Increase, and Decrease sides for Accounts

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

Prepaid Insurance (account classification, increase side, decrease side, normal balance)

Asset Increase: debit Decrease: credit Normal balance: debit

Cash (account classification, increase side, decrease, side normal balance)

Asset Increase: debit Decrease: credit Normal balance: credit

Accounts Receivable (account classification, increase side, decrease, side normal balance)

Asset Increase: debit Decrease: credit Normal balance: debit

Supplies (account classification, increase side, decrease, side normal balance)

Asset Increase: debit Decrease: credit Normal balance: debit

Accounts payable

Liability Increase: credit Decrease: debit Normal balance: credit

Sales (account classification, increase side, decrease, side normal balance)

Owner's equity Increase: credit Decrease: debit Normal balance: credit

Capital, Barbra Casey

Owner's equity Increase: credit Decrease: debit Normal balance: credit

Advertising expense (account classification, increase side, decrease, side normal balance)

Owner's equity Increase: debit Decrease: credit Account balance: debit

Drawing, Barbra Casey (account classification, increase side, decrease, side normal balance)

Owners equity Increase: debit Decrease: credit Normal balance: debit

Kaugnay na mga set ng pag-aaral