A debit will increase both accounts receivable; accounts payable Select one: O True O False Which of the following is an account for which its normal balance is a debit? Select one: a. Prepaid Insurance. O b. Unearned Service Revenue. O c. Rent payable. O d. Accounts payable. $220,000 Given the following information, Owner's Capita December 31, 2017 Owner's investments during 2017 Owner's withdrawals during 2017 40,000 85,000 Net income for 2017 136,000 compute the balance in the Owner's Capital account at January 1, 2017 for Handley Lawn Service 1 - B I DE E 203 On February 2021. Mr. Loji started business with $177,000 cash, and purchased computer equipment for $17,000 cash. Write the TWO correct journal entries with the all details including date and amounts in the textbox below. Date Account Title Ref. Debit Credit The following accounts come from the ledger of snow-white company at Dec. 31st 2017 264.000 24,000 Equipment Owner's Drawings Accounts Payable Salaries and Wages Expenses 66,000 126,000 Accounts Receivables 12,000 Service Revenues 385,000 60,000 6.000 Owner's Capital Salaries and Wages Payable Notes Payable Utilities Expense 57,000 9,000 Prepaid Insurance 18,000 Cash 21,000 Calculate the Net income. Show all correct steps clearly