checkpoint - F. To decrease unearned revenue - Debit G. To...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
QS 2-3 Indicate whether a debit or credit decreases the normal balance of each of the following accounts: A. Office supplies - Credit B. Repair services revenue - Debit C. Interest payable - Debit D. Accounts receivable - Credit E. Salaries expense - Credit F. Owner capital - Debit G. Prepaid insurance - Credit H. Buildings - Credit I. Interest revenue - Debit J. Owner withdrawals - Credit K. Unearned revenue - Debit L. Accounts payable - Debit M.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
QS 2-4 Identify whether a debit or credit yields the indicated change for each of the following accounts: A. To increase store equipment - Debit B. To increase owner withdrawals - Debit C. To decrease cash- Credit D. To increase utilities expense - Debit E. To increase fees earned - Credit
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: F. To decrease unearned revenue - Debit G. To decrease prepaid insurance - Credit H. To increase notes payable - credit I. To decrease accounts receivable - Credit J. To increase owner capital - Credit QS 2-5 Identify whether the normal balances (in parenthesis) assigned to the following accounts are correct or incorrect: A. Office supplies (Debit) - Correct B. Owner withdrawals (Credit) - Incorrect C. Fees earned (Debit) - incorrect D. Wages expense (Credit) - Incorrect E. Cash (Debit) - Correct F. Prepaid insurance (Credit) - Incorrect G. Wages payable (Credit) Correct H. Building (Debit) - Correct...
View Full Document

Page1 / 3

checkpoint - F. To decrease unearned revenue - Debit G. To...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online