Chapter 2, Problem 2.12E

Identifying accounts, increases in accounts, and normal balances

a. Interest Revenue

b. Accounts Payable

c. Common Stock

d. Office Supplies

e. Advertising Expense

f. Unearned Revenue

g. Prepaid Rent

h. Utilities Expense

i. Dividends

j. Service Revenue

Requirements

1. Identify each account as asset (A), liability (L), or equity (E).

2. Identify whether the account is increased with a debit (DR) or credit (CR).

3. Identify whether the normal balance is a debit (DR) or credit (CR).