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Listed Below Are Selected Accounts

Question 149

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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:
 Normal  Rules to Increase or  Type of Account  Account Balance  Decrease the Account A= Asset Dr=DebitDr=DebitL= Liability Cr= Credit Cr=CreditSE= Stockholders Equity R= Revemue E= Expense D= Dividend \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}  Type of  Normual  Rule to  Rule to  Account  Bahnce  Increase  Decrease  Example  A DrDrCr Cash  a.  Accounts Payable  b.  Retained Earnings  c.  Prepaid Insurance  d.  Service Revenues  e.  Notes Payable  f.  Intangibles  g.  Common Stock  h.  Salary Expense  i.  Accounts Receivable  j.  Unearned Revenues \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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