A debit entry to an account will: Always decrease the account balance. Always increase the account balance. Increase the balance of a revenue account. Increase the balance of an asset account. A computer consultant provided $500 of services to a client; the client paid $100 when the bill was submitted and will pay the balance within 2 months. The consultant will record this transaction by: If equipment is acquired by paying $12,000 in cash and issuing a $7,000 note payable, total assets are decreased by $12,000 as a result of this transaction. total assets are increased by $19,000 as a result of this transaction. total assets are increased by $7,000 as a result of this transaction. total assets are unchanged as a result of this transaction. Normal account balances are as follows: Cash, Accounts Receivable, and Sales are debits. Interest Expense, Notes Payable, and Retained Earnings are credits. Merchandise Inventory, Cost of Goods Sold, and Equipment are debits. Accumulated Depreciation, Cash, Merchandise Inventory are debits