Week 2 CheckPoint - Student Name Amanda Burch Week 2...

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Student Name:      Amanda Burch     Week 2 Checkpoint Total = 30 points Week 2 Checkpoint – Part 1      (12 points)     Indicate whether a “ debit ” or “ credit ”  decreases  the balance of each of the following accounts: Account  Decrease with: Account Decrease with: Owner  Investments Debit Interest Revenue Credit Furniture Credit Owner Withdrawals Debit Accounts Payable Debit Office Equipment Credit Accounts  Receivable Credit Unearned Revenue Debit Salaries Payable Credit Prepaid Insurance Credit Utilities Expense Credit Fees Earned Debit Week 2 Checkpoint – Part 2      (8 points)     Identify whether the normal balances (in parentheses) assigned to the following accounts are  correct ” or “ incorrect ”: Normal Balance Correct or Incorrect? Salaries Expense (Credit) Credit Cash  (Debit) Correct Owner Withdrawals  (Credit) Correct Accounts Payable (Debit) Incorrect Land (Credit) Incorrect
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Week 2 CheckPoint - Student Name Amanda Burch Week 2...

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