Directions: Complete the table below. The first item has been done for you. Decreased by Classification Normal Increased by List of Accounts (Debit Credit) Balance (Debit/ (Asset, Liabilities, Owner's Equity (Debit/ Credit) Credit) Revenue, Expense) Debit Credit Cash Asset Debit 21 Freight In 22 Salaries Expense 23 Supplies Expense 24 Utilities Expense 25 Communication Expense 26 Travel Expense 27 Rent Expense 28 Insurance Expense 29 Advertising Expense 30 Delivery Expense
Directions: Complete the table below. The first item has been done for you. Decreased by Classification Normal Increased by List of Accounts (Debit Credit) Balance (Debit/ (Asset, Liabilities, Owner's Equity (Debit/ Credit) Credit) Revenue, Expense) Debit Credit Cash Asset Debit 21 Freight In 22 Salaries Expense 23 Supplies Expense 24 Utilities Expense 25 Communication Expense 26 Travel Expense 27 Rent Expense 28 Insurance Expense 29 Advertising Expense 30 Delivery Expense
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:Directions: Complete the table below. The first item has been done for you.
Classification
Increased by Decreased by
List of Accounts
Normal
Balance
(Debit
(Debit/
(Asset, Liabilities,
Owner's Equity
Credit)
(Debit/ Credit) Credit)
Revenue,
Expense)
Debit
Credit
Cash
Asset
Debit
21 Freight In
22 Salaries Expense
23 Supplies Expense
24 Utilities Expense
25 Communication
Expense
26 Travel Expense
27 Rent Expense
28 Insurance Expense
29 Advertising Expense
30 Delivery Expense
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