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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

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
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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Test 2A 3. Part Three-Determining the Normal Balance, Increase, and Decrease Sides for Accounts Do the folowing 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. 1 2. 3 4 5. 7 Increase Side Decrease Side Account's Nommal Balance Account Account Classification Debit Credit Debit Credit Debit Credit Prepaid Insurance Sales Supplies Accounts Receivable-Tom Dayton Advertising Expense Cash Barbara Casey, Drawing Barbara Casey, Capital Accounts Payable-Emmer Supplies Save & Continue Continue without saving DELL esc C 24 3 5 7 W e lololo o o
Transcribed Image Text:Test 2A 3. Part Three-Determining the Normal Balance, Increase, and Decrease Sides for Accounts Do the folowing 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. 1 2. 3 4 5. 7 Increase Side Decrease Side Account's Nommal Balance Account Account Classification Debit Credit Debit Credit Debit Credit Prepaid Insurance Sales Supplies Accounts Receivable-Tom Dayton Advertising Expense Cash Barbara Casey, Drawing Barbara Casey, Capital Accounts Payable-Emmer Supplies Save & Continue Continue without saving DELL esc C 24 3 5 7 W e lololo o o
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