Question: In the following table, indicate how to increase or decrease (debit or credit) each account, and indicate its normal balance (debit or credit). Increased Decreased

In the following table, indicate how to increase or decrease (debit or credit) each account, and indicate its normal balance (debit or credit).

Increased Decreased Normal

by by Balance

(debit (debit (debit

or credit) or credit) or credit)

Title of Account

Merchandise Inventory

Sales

Sales Returns and Allowances

Sales Discounts

Accounts Receivable

Purchases

Purchase Returns and Allowances

Purchase Discounts

Reference-Established up your response in EXCEL workbook as the Table shown in the question & put your reply of Debit (DR) or Credit (CR) under action item in each heading for the respective Account.

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