Question: Determine if a debit, credit, or nil entry would be made to the balance sheet: Increase Accounts Receivable Increase Accounts Payable Decrease Mortgage Payable Increase

  1. Determine if a debit, credit, or nil entry would be made to the balance sheet:
    1. Increase Accounts Receivable
  1. Increase Accounts Payable
  2. Decrease Mortgage Payable
  3. Increase Office Supplies
  4. Decrease Owners Capital
  5. Increase Cash
  6. Decrease Office Furniture
  7. Increase Owners Withdrawals
  8. Decrease Unearned Revenue
  9. Increase Revenue
  1. Determine if the normal balance is a debit or a credit:
    1. Service Revenue
  1. Unearned Revenue
  2. Cash
  3. Accounts Receivable
  4. Bank Loan
  5. Advertising Expense
  6. Note Payable
  7. Rent Expense
  8. Owners Capital
  9. Undeveloped Land

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