Question: Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Land e. Salaries expenses i. Interest revenue Service revenue

Indicate whether a debit or credit decreases the normal balance of each of the following accounts.

Land e. Salaries expenses i. Interest revenue

Service revenue f. Common stock j. Dividends

Interest payable g. Prepaid insurance k. Unearned Revenue

Accounts receivable h. Building l. Accounts payable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!