Determining Normal Balance, Increase, and Decrease sides for Accounts

Réussis tes devoirs et examens dès maintenant avec 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

Ensembles d'études connexes