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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 17MC: Which statement is most directly affected by a change to net income? A. balance sheet B. income...

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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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