Question

For each of the following accounts, indicate the effect of a debit or a credit on...

For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.

Debit Effect Credit Effect Normal Balance
a.

Accounts Payable.

 select between increase and decrease

Increase Decrease

 select between increase and decrease

Increase Decrease

 select between credit and debit

Credit Debit
b.

Advertising Expense.

 select between increase and decrease

Decrease Increase

 select between increase and decrease

Decrease Increase

 select between credit and debit

Debit Credit
c.

Service Revenue.

 select between increase and decrease

Decrease Increase

 select between increase and decrease

Decrease Increase

 select between credit and debit

Credit Debit
d.

Accounts Receivable.

 select between increase and decrease

Decrease Increase

 select between increase and decrease

Increase Decrease

 select between credit and debit

Credit Debit
e.

Retained Earnings.

 select between increase and decrease

Decrease Increase

 select between increase and decrease

Increase Decrease

 select between credit and debit

Debit Credit
f.

Dividends.

 select between increase and decrease

Decrease Increase

 select between increase and decrease

Increase Decrease

 select between credit and debit

Debit Credit
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