QS 2-3
Linking debit or credit with
Normal balance
C5
Indicate whether a debit or credit decreases the normal balance of each of the following accounts:
a. Office Supplies e. Salaries Expense I. Interest Revenue
b. Repair Services Revenue f. Owner Capital j. Owner Withdrawals
c. Interest Payable g. Prepaid Insurance k. Unearned Revenue
d. Accounts Receivable h. Buildings l. Accounts Payable

The following accounts have a normal Debit balance: Expense, Assets, Dividends

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