Question: (a) (b) (c) Normal Balance Debit Effect Credit Effect 1. Accounts Payable DebitCredit IncreaseDecrease IncreaseDecrease 2. Supplies DebitCredit IncreaseDecrease IncreaseDecrease 3. J. Takamoto, Capital CreditDebit
| (a) | (b) | (c) | |||||||
| Normal Balance | Debit Effect | Credit Effect | |||||||
| 1. | Accounts Payable | DebitCredit | IncreaseDecrease | IncreaseDecrease | |||||
| 2. | Supplies | DebitCredit | IncreaseDecrease | IncreaseDecrease | |||||
| 3. | J. Takamoto, Capital | CreditDebit | IncreaseDecrease | IncreaseDecrease | |||||
| 4. | J. Takamoto, Drawings | DebitCredit | IncreaseDecrease | IncreaseDecrease | |||||
| 5. | Prepaid Rent | DebitCredit | IncreaseDecrease | IncreaseDecrease | |||||
| 6. | Utilitites Expense | DebitCredit | IncreaseDecrease | IncreaseDecrease | |||||
| 7. | Service Revenue | DebitCredit | IncreaseDecrease | IncreaseDecrease | |||||
| 8. | Unearned Revenue | DebitCredit | IncreaseDecrease | IncreaseDecrease |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
