For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance a. Accounts Payable. select between increase and decrease select between increase and decrease select between credit and debit b. Advertising Expense. select between increase and decrease select between increase and decrease select between credit and debit c. Service Revenue. select between increase and decrease select between increase and decrease select between credit and debit d. Accounts Receivable. select between increase and decrease select between increase and decrease select between credit and debit e. Retained Earnings. select between increase and decrease select between increase and decrease select between credit and debit f. Dividends.
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Home » Business » For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance a. Accounts Payable.