This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 28 Declared and paid a $1,000 cash dividend. Instructions For each transaction indicate the following. (a) The basic type of account debited and credited (asset, liability, stockholders' equity). (b) The specific account debited and credited (cash, rent expense, service revenue, etc.). (c) Whether the specific account is increased or decreased. (d) The normal balance of the specific account. Use heading of Account Debited and Account Credited...
View Full Document
- Spring '09
- Financial Accounting