Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. Factory b. Fuel Expense Rent Expense d. Rent Payable C. Credit e. Furniture Debit f. Land 9 Equipment h. Common Stock Debit Interest Payable Debit j Delivery Expense k. Postage Expense Buildings Debit

Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. Factory b. Fuel Expense Rent Expense d. Rent Payable C. Credit e. Furniture Debit f. Land 9 Equipment h. Common Stock Debit Interest Payable Debit j Delivery Expense k. Postage Expense Buildings Debit

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 2E: List the classification of each of the following accounts as A (asset), L (liability), OE (owners...

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Question

The answer should be either debit or credit

Indicate whether a debit or credit decreases the normal
balance of each of the following accounts.
Decrease Normal Balance
a. Factory
b. Fuel Expense
Rent Expense
d. Rent Payable
C.
Credit
e.
Furniture
Debit
f. Land
9 Equipment
h. Common Stock
Debit
Interest Payable
Debit
j Delivery Expense
k. Postage Expense
Buildings
Debit

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