November 29, 2015

Homework Help: finance

Posted by student acc on Tuesday, October 30, 2007 at 9:03pm.

can someone correct these for me when you have a few minutes i'll appreciate any help answers are in parenthesis thanks again.

Indicate whether a debit or credit decreases the normal balance of each of the following accounts:
a. Office Supplies (debit)
b. Repair Services Revenue (credit)
c. Interest Payable (credit)
d. Accounts Receivable (credit)
e. Salaries Expense (debit)
f. Owner Capital (credit)
g. Prepaid Insurance (debit)
h. Buildings (debit)
i. Interest Revenue (debit)
j. Owner Withdrawals (credit)
k. Unearned Revenue (debit)
l. Accounts Payable (credit)

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