3. Part Three-Determining the Normal Balance, Increase, and Decrease Sides for Accounts Do the foliowlng for each account: 1. Select the account classification in Column 2 (Asset, Llability, Owner's Equity) 2. Select elther Deblt or Credit (Columns 3 and 4) to indicate he Increase side of the account. 3. Select either Debit or Credit (Columns 5 and 6) to indicate the decrease side of the account. 4. Select either Debit or Credit (Columns 7 and 8) to indicate the normal balance of the account. 2. 3. 4. 5. 7. Increase Side Decrease Side Account's Normal Balance Account Account Classification Debit Credit Debit Credit Debit Credit Prepaid Insurance O. Sales Supplies Accounts Receivable-Tom Dayton Advertising Expense Cash Barbara Casey, Drawing Barbara Casey, Capital Accounts Payable-Emmer Supplies Save & Continue Continue with ㅇ O oo Oooo O oo O ooo o0
3. Part Three-Determining the Normal Balance, Increase, and Decrease Sides for Accounts Do the foliowlng for each account: 1. Select the account classification in Column 2 (Asset, Llability, Owner's Equity) 2. Select elther Deblt or Credit (Columns 3 and 4) to indicate he Increase side of the account. 3. Select either Debit or Credit (Columns 5 and 6) to indicate the decrease side of the account. 4. Select either Debit or Credit (Columns 7 and 8) to indicate the normal balance of the account. 2. 3. 4. 5. 7. Increase Side Decrease Side Account's Normal Balance Account Account Classification Debit Credit Debit Credit Debit Credit Prepaid Insurance O. Sales Supplies Accounts Receivable-Tom Dayton Advertising Expense Cash Barbara Casey, Drawing Barbara Casey, Capital Accounts Payable-Emmer Supplies Save & Continue Continue with ㅇ O oo Oooo O oo O ooo o0
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 5PA: Identify the financial statement on which each of the following account categories would appear: the...
Related questions
Question
![Test 2A
3. Part Three-Determining the Normal Balance, Increase, and Decrease Sides for Accounts
Do the folowing for each account: 1. Select the account classification in Column 2 (Asset, Llability, Owner's Equity) 2. Select elther Deblt or
Credit (Columns 3 and 4) to indicate he Increase side of the account. 3. Select either Debit or Credit (Columns 5 and 6) to indicate the decrease side
of the account. 4. Select either Debit or Credit (Columns 7 and 8) to indicate the normal balance of the account.
1
2.
3
4
5.
7
Increase Side
Decrease Side
Account's Nommal Balance
Account
Account Classification
Debit
Credit
Debit
Credit
Debit
Credit
Prepaid Insurance
Sales
Supplies
Accounts Receivable-Tom Dayton
Advertising Expense
Cash
Barbara Casey, Drawing
Barbara Casey, Capital
Accounts Payable-Emmer Supplies
Save & Continue
Continue without saving
DELL
esc
C
24
3
5
7
W
e
lololo o o](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe872ed8f-1553-425d-9322-9439ef0480e1%2F7d85710a-c2f6-46da-a6be-1acb96a73b11%2Fwvqniyt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Test 2A
3. Part Three-Determining the Normal Balance, Increase, and Decrease Sides for Accounts
Do the folowing for each account: 1. Select the account classification in Column 2 (Asset, Llability, Owner's Equity) 2. Select elther Deblt or
Credit (Columns 3 and 4) to indicate he Increase side of the account. 3. Select either Debit or Credit (Columns 5 and 6) to indicate the decrease side
of the account. 4. Select either Debit or Credit (Columns 7 and 8) to indicate the normal balance of the account.
1
2.
3
4
5.
7
Increase Side
Decrease Side
Account's Nommal Balance
Account
Account Classification
Debit
Credit
Debit
Credit
Debit
Credit
Prepaid Insurance
Sales
Supplies
Accounts Receivable-Tom Dayton
Advertising Expense
Cash
Barbara Casey, Drawing
Barbara Casey, Capital
Accounts Payable-Emmer Supplies
Save & Continue
Continue without saving
DELL
esc
C
24
3
5
7
W
e
lololo o o
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