E2-12 Identifying accounts, increases in accounts, and normal balances a. Interest Revenue f. Unearned Revenue g. Prepaid Rent h. Utilities Expense b. Accounts Payable c. Calhoun, Capital d. Office Supplies i. Calhoun, Withdrawals c. Advertising Expense j. Service Revenue Requirements 1. Identify each account as asset (A), liability (L), or equity (E). 2. Identify whether the account is increased with a debit (DR) or credit (CR). 3. Identify whether the normal balance is a debit (DR) or credit (CR).

E2-12 Identifying accounts, increases in accounts, and normal balances a. Interest Revenue f. Unearned Revenue g. Prepaid Rent h. Utilities Expense b. Accounts Payable c. Calhoun, Capital d. Office Supplies i. Calhoun, Withdrawals c. Advertising Expense j. Service Revenue Requirements 1. Identify each account as asset (A), liability (L), or equity (E). 2. Identify whether the account is increased with a debit (DR) or credit (CR). 3. Identify whether the normal balance is a debit (DR) or credit (CR).

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 6EB: For the following accounts indicate whether the normal balance is a debit or a credit. A. Unearned...

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