Principles of Financial Accounting.
Principles of Financial Accounting.
22nd Edition
ISBN: 9780077632892
Author: John J. Wild
Publisher: McGraw Hill
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Chapter 2, Problem 5QS

Linking debit or credit with

normal balance

C4

Indicate whether a debit or credit decreases the normal balance of each of the following accounts.

a. Interest Payable

b. Service Revenue

c. Salaries Expense

d. Accounts Receivable

e. Owner, Capital

f. Prepaid Insurance

g. Buildings

h. Interest Revenue

i. Owner, Withdrawals

j. Unearned Revenue

k. Accounts Payable

l. Land

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Principles of Financial Accounting.

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