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

accounts:

A. Office supplies - Credit

B. Repair services revenue - Debit

C. Interest payable - Debit

D. Accounts receivable - Credit

E. Salaries expense - Credit

F. Owner capital - Debit

G. Prepaid insurance - Credit

H. Buildings - Credit

I. Interest revenue - Debit

J. Owner withdrawals - Credit

K. Unearned revenue - Debit

L. Accounts payable - Debit

M.

c

Identify whether a debit or credit yields the indicated change for each of the

following accounts:

 To increase store equipment - Debit

î To increase owner withdrawals - Debit
× To decrease cash- Credit
3 To increase utilities expense - Debit
a To increase fees earned - Credit
 To decrease unearned revenue - Debit
¦ To decrease prepaid insurance - Credit
Ô To increase notes payable - credit
p To decrease accounts receivable - Credit
ë To increase owner capital - Credit
c


Identify whether the normal balances (in parenthesis) assigned to the following
accounts are correct or incorrect:

A. Office supplies (Debit) - Correct

B. Owner withdrawals (Credit) - Incorrect

C. Fees earned (Debit) - incorrect

D. Wages expense (Credit) - Incorrect

E. Cash (Debit) - Correct

F. Prepaid insurance (Credit) - Incorrect

G. Wages payable (Credit) ± Correct

H. Building (Debit) - Correct