Fill in the chart using the first line as an example. The account that is listed on the right column has specific features that you are to list in the chart. For example, Accounts Payable is a liability (account classification), it is increased by a credit (second column), decreased by a debit (third column), has a normal balance as a credit, and it is found on the balance sheet or statement of financial position (financial statement).

Account lassification Normal Balance Credit Normal Financia Statement Account Increase Decrease Liability Credit Debit SFP Accounts Payable Accounts Receivable Dividends Building Consulting Revenue inventory Preferred Shares Salary Expense _Unearned Revenue Prepaid Rent