DR Listed below are several accounts from Process Improvements, Inc. for the year ended December 31, 2012. Next to each account indicate its normal balance and whether you would need to debit or credit the account to decrease it. Use DR for debit and CR for credit. Example: Account Normal Balance To Decrease Allowance For Doubtful Accounts CR Number Account Normal Balance To Decrease 1 Prepaid rent 2 Notes payable 3 Retained earnings 4 Sales revenue 5 Cash 6 Store equipment 7 Paid in capital 8 Wage expense 9 Accounts receivable 10 Cost of goods sold 11 Accounts payable 12 Inventory 13 Utilities expense 14 Depreciation expense 15 Accumulated depreciation