Listed Below Are Selected Accounts

question 39

Essay

Listed below are selected accounts.In the blank spaces provided for each account,indicate what type of account it is,its normal balance,and the debit/credit rules for increasing and decreasing it.Use the following abbreviations for your answer:
$\begin{array}{lll}&\text { Normal } &\text { Rules to Increase or } \\\underline {\text { Type of Account } }&\underline {\text { Account Balance } }&\underline {\text { Decrease the Account } }\\{\mathrm{A}=\text { Asset } }& {\mathrm{Dr}=\mathrm{Debit}} & {\mathrm{Dr}=\mathrm{Debit}} \\\mathrm{L}=\text { Liability } & \mathrm{Cr}=\text { Credit } & \mathrm{Cr}=\mathrm{Credit} \\\mathrm{SE}=\text { Stockholders Equity } & &\\\mathrm{R}=\text { Revemue } \\\mathrm{E}=\text { Expense }\\\mathrm{D}=\text { Dividend }\\\end{array}$ $\begin{array}{|l|l|l|l|l|l|l|l|l|}\hline &&\text { Type of } && \text { Normual } && \text { Rule to } & &\text { Rule to } \\\hline&& \text { Account } && \text { Bahnce } && \text { Increase } && \text { Decrease } \\\hline \text { Example } & \text { A } &&Dr&&Dr&&Cr\\ \text { Cash } & \\\hline \text { a. } & \text { Accounts Payable } \\\hline \text { b. } & \text { Retained Earnings } \\\hline \text { c. } & \text { Prepaid Insurance } \\\hline \text { d. } & \text { Service Revenues } \\\hline \text { e. } & \text { Notes Payable } \\\hline \text { f. } & \text { Intangibles } \\\hline \text { g. } & \text { Common Stock } \\\hline \text { h. } & \text { Salary Expense } \\\hline \text { i. } & \text { Accounts Receivable } \\\hline \text { j. } & \text { Unearned Revenues } \\\hline\end{array}$

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