Chapter 2, Problem 5E

To determine

Concept Introduction:

Account balance: The difference between the total debit and total credit of an account, is the account balance. When the total debit is more than the total of credit, the account would have a debit balance with the amount equal to the excess of debit balance over the credit balance, it would have a credit balance when the sum of credit exceeds the debit balance.

The classification, normal balance, and the kind of entry that would increase the account balance.