For Each of the Following Accounts Indicate the Effect of a Debit

question 196

Essay

For each of the following accounts indicate the effect of a debit or a credit on the account and the normal balance. Increase (+) Decrease (-). $\begin{array}{lrr}&\underline{\text { Debit } }&\underline{\text { Credit }}&\underline{\text { Normal Balance }}\\ \text { 1. Salaries and wages expense. } &\underline{\quad\quad}&\underline{\quad\quad}&\underline{\quad\quad}\\ \text { 2. Accounts receivable.} &\underline{\quad\quad}&\underline{\quad\quad}&\underline{\quad\quad}\\ \text { 3. Service revenue. } &\underline{\quad\quad}&\underline{\quad\quad}&\underline{\quad\quad}\\ \text { 4. Owner's Capital.} &\underline{\quad\quad}&\underline{\quad\quad}&\underline{\quad\quad}\\ \text { 5. Owner's Drawings.} &\underline{\quad\quad}&\underline{\quad\quad}&\underline{\quad\quad}\\ \text { } &\\\end{array}$

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Definitions:

Chest Pain

A symptom often associated with cardiac problems but can also be caused by other health issues such as gastrointestinal, muscular, or respiratory conditions.

Integrity

Integrity refers to the quality of being honest and having strong moral principles, or the state of being whole and undivided.

Positive Outlook

An attitude or mindset characterized by optimism and a tendency to expect favorable outcomes.

Attitude

A disposition to act in a certain way.