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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 (-).  Debit  Credit  Normal Balance  1. Salaries and wages expense.  2. Accounts receivable. 3. Service revenue.  4. Owner’s Capital. 5. Owner’s Drawings. \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}


Definitions:

Aggressive

Behavior characterized by assertiveness, hostility, or an intention to cause harm to others.

Abreaction

A therapeutic process in which repressed emotions are brought to consciousness and expressed.

Compromise

A method of resolving disagreements where each party makes concessions to reach a mutually acceptable solution.

Withdrawal

The process of reducing or eliminating the intake of addictive substances, often leading to physical and psychological symptoms.

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