BE3-4 For each of the following accounts, indicate the effect of a debit or a credit on the account

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Brief Exercise 3-4 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

 

(b)        Advertising Expense

 

(c)        Service Revenue

 

(d)        Accounts Receivable

 

(e)        Retained Earnings

 

(f)        Dividends

 

    • 11 years ago
    BE3-4 For each of the following accounts, indicate the effect of a debit or a credit on the account
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