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April 25, 2015

Homework Help: accounting

Posted by Christi on Wednesday, March 19, 2008 at 1:29pm.

Linking debit or credit with normal balance
C5
Indicate whether a debit or credit decreases the normal balance of each of the following accounts:
a. Office Supplies debit
b. Repair Services Revenue debit
c. Interest Payable credit
d. Accounts Receivable debit
e. Salaries Expense credit
f. Owner Capital debit
g. Prepaid Insurance debit
h. Buildings debit
i. Interest Revenue debit
j. Owner Withdrawals credit
k. Unearned Revenue credit
l. Accounts Payable credit
Is this correct

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