Bedit Affect and Credit affect are both increase or decrease Debit EffectCredit EffectNormal Balance1.Accounts PayableCreditDebit2. Advertising Expense3.Service Revenue4.Accounts Receivable5.Common Stock6.Dividends Debit EffectCredit EffectNormal Balance1.Accounts PayableIncreaseDecrease2. Advertising Expense3.Service Revenue4.Accounts Receivable5.Common Stock6.Dividends

If any Account has a Normal Debit Balance , if its Debited it will increase the Balance and and if…

Answered: Debit Effect Credit Effect Normal…

Debit Effect Credit Effect Normal Balance -. Accounts Payable Credit Debit 2. Advertising Expense B. Service Revenue Accounts Receivable

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter14: Adjustments And The Work Sheet For A Merchandising Business

Section: Chapter Questions

Problem 7RQ

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Question

Bedit Affect and Credit affect are both increase or decrease

Debit Effect
Credit Effect
Normal Balance
1.
Accounts Payable
Credit
Debit
2. Advertising Expense
3.
Service Revenue
4.
Accounts Receivable
5.
Common Stock
6.
Dividends

Debit Effect
Credit Effect
Normal Balance
1.
Accounts Payable
Increase
Decrease
2. Advertising Expense
3.
Service Revenue
4.
Accounts Receivable
5.
Common Stock
6.
Dividends

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