Brief Exercises

Indicate debit and credit effects and normal balance.

BE$2\mathrm{.}1($LO $1),$ C For each of the following accounts indicate the effects of $($a$)$ a debit and $($b$)$ a credit on the accounts and $($c$)$ the normal balance of the account.

Accounts Payable.

Advertising Expense.

Service Revenue.

Accounts Receivable.

Common Stock.

Dividends.

Identify accounts to be debited and credited.