ACC 225 WK 2 - CheckPoint-Debits and Credits - 91197

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QUICK STUDY QS 2-3 Linking debit or credit with normal balance C5 Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies - Credit e. Salaries Expense - Credit i. Interest Revenue -Debit b. Repair Services Revenue - Debit f. Owner Capital - Debit j. Owner Withdrawals - Debit c. Interest Payable - Debit g. Prepaid Insurance - Credit k. Unearned Revenue - Debit d. Accounts Receivable - Credit
Solution Description

QUICK STUDY

 

QS 2-3

Linking debit or credit with

normal balance

C5

 

Indicate whether a debit or credit decreases the normal bala

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