Complete the following chart. Select "Not Applicable" if no account is increased or decreased.

Transaction A		Does it increase or decrease Cash?		Does it increase or decrease expense?		Does it increase or decrease revenue?		Does it increase or decrease money owed?		Does it increase or decrease owners equity?
Wrote a check for $50 for utilities.

In this transaction:

Cash is a(n)	select an account title owners equityliabilityrevenueassetexpensedrawing	which is select an effect increaseddecreased	with a select between debit or credit debitcredit.
Utilities Expense is a(n)	select an account title liabilitydrawingrevenueexpenseowners equityasset	which is select an effect increaseddecreased	with a select between debit or credit debitcredit.

Transaction B		Does it increase or decrease Cash?		Does it increase or decrease expense?		Does it increase or decrease revenue?		Does it increase or decrease money owed?		Does it increase or decrease owners equity?
Received $400 for services performed.		select an effect IncreaseDecreaseNot Applicable		select an effect IncreaseDecreaseNot Applicable		select an effect IncreaseDecreaseNot Applicable		select an effect IncreaseDecreaseNot Applicable		select an effect IncreaseDecreaseNot Applicable

In this transaction:

Cash is a(n)	select an account title owners equityrevenuedrawingliabilityexpenseasset	which is select an effect increaseddecreased	with a select between debit or credit debitcredit.
Service Revenue is a(n)	select an account title assetexpenseliabilityowners equitydrawingrevenue	which is select an effect increaseddecreased	with a select between debit or credit debitcredit.

Transaction C		Does it increase or decrease Cash?		Does it increase or decrease expense?		Does it increase or decrease revenue?		Does it increase or decrease money owed?		Does it increase or decrease owners equity?
Purchased $4,000 of equipment on account.		select an effect IncreaseDecreaseNot Applicable		select an effect IncreaseDecreaseNot Applicable		select an effect IncreaseDecreaseNot Applicable		select an effect IncreaseDecreaseNot Applicable		select an effect IncreaseDecreaseNot Applicable

In this transaction:

Equipment is a(n)	select an account title owners equityliabilityrevenueexpenseassetdrawing	which is select an effect increaseddecreased	with a select between debit or credit debitcredit.
Accounts Payable is a(n)	select an account title drawingexpenseowners equityrevenueliabilityasset	which is select an effect increaseddecreased	with a select between debit or credit debitcredit.

eTextbook and Media