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Unformatted text preview: Account Debited Account Credited (a) (b) (c) (d) (a) (b) (c) (d) Date Basic Type Specific Account Effect Normal Balance Basic Type Specific Account Effect Normal Balance Jan. 2 Asset Cash Increase Debit Stockholde r's Equity Common Stock Increase Credit 3 Asset Equipme nt Increase Debit Asset Cash Decrease Debit 9 Asset Supplies Increase Debit Liability Accounts Payable Increase Credit 11 Asset Account s Receiva ble Increase Debit Stockholde rs' Equity Service Revenue Increase Credit 16 Stockholders' Equity Advertis ing Expense Increase Debit Asset Cash Decrease Debit 20 Asset Cash Increase Debit Asset Accounts Receivable Decrease Debit 23 Liability Account s Payable Decrease Credit Asset Cash Decrease Debit 28 Stockholders' Equity Dividen ds Increase Debit Asset Cash Decrease Debit...
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- Spring '10
- Financial Accounting