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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

  • accounting -

    Linking debit or credit with normal balance
    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 are they correct?

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