3. Part Three-Determining the Normal Balance, Increase, and Decrease Sides for Accounts Do the foliowlng for each account: 1. Select the account classification in Column 2 (Asset, Llability, Owner's Equity) 2. Select elther Deblt or Credit (Columns 3 and 4) to indicate he Increase side of the account. 3. Select either Debit or Credit (Columns 5 and 6) to indicate the decrease side of the account. 4. Select either Debit or Credit (Columns 7 and 8) to indicate the normal balance of the account. 2. 3. 4. 5. 7. Increase Side Decrease Side Account's Normal Balance Account Account Classification Debit Credit Debit Credit Debit Credit Prepaid Insurance O. Sales Supplies Accounts Receivable-Tom Dayton Advertising Expense Cash Barbara Casey, Drawing Barbara Casey, Capital Accounts Payable-Emmer Supplies Save & Continue Continue with ㅇ O oo Oooo O oo O ooo o0
3. Part Three-Determining the Normal Balance, Increase, and Decrease Sides for Accounts Do the foliowlng for each account: 1. Select the account classification in Column 2 (Asset, Llability, Owner's Equity) 2. Select elther Deblt or Credit (Columns 3 and 4) to indicate he Increase side of the account. 3. Select either Debit or Credit (Columns 5 and 6) to indicate the decrease side of the account. 4. Select either Debit or Credit (Columns 7 and 8) to indicate the normal balance of the account. 2. 3. 4. 5. 7. Increase Side Decrease Side Account's Normal Balance Account Account Classification Debit Credit Debit Credit Debit Credit Prepaid Insurance O. Sales Supplies Accounts Receivable-Tom Dayton Advertising Expense Cash Barbara Casey, Drawing Barbara Casey, Capital Accounts Payable-Emmer Supplies Save & Continue Continue with ㅇ O oo Oooo O oo O ooo o0
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 5PA: Identify the financial statement on which each of the following account categories would appear: the...
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