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    lynette3535's Avatar
    lynette3535 Posts: 4, Reputation: 1
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    #1

    Nov 7, 2008, 11:48 PM
    Analyzing debit or credit
    Identify whether a debit or credit yields the indicated change for each of the following accounts:
    a. To increase Store Equipment f. To decrease Unearned Revenue
    b. To increase Owner Withdrawals g. To decrease Prepaid Insurance
    c. To decrease Cash h. To increase Notes Payable
    d. To increase Utilities Expense I. To decrease Accounts Receivable
    e. To increase Fees Earned j. To increase Owner Capital
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Nov 8, 2008, 03:55 AM

    Hi, lynette3535!

    If you're wanting us to do your homework for you here, that's not going to happen. If we answered the homework questions for you, would you really be learning how to do them?

    If you post answers and how you arrived at those answers for others to take a look at as to their being correct or not, that would be fair.

    If you did that, someone just might come along who would be willing to discuss with you as to how to come up with the correct answers.

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    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Nov 8, 2008, 12:33 PM

    The following accunts have a normal Debit Balance: Expense, Asset, Dividends

    The following accounts have a normal Credit Balance: Unearned Revenue, Revenue, Liabilities, Owner's Equity or Shareholder Equity
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