Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr." (a) whether the change in the account would be recorded as a debit or a credit and (b) whether the normal balance of the account is a debit or a credit.

1. Increase in Common Stock

2. Increase in Dividends

3. Decrease in Accounts Receivable

4. Increase in Note Payable

5. Increase in Accounts Payable

6. Decrease in Supplies

7. Decrease in Salaries Expense

8. Increase in Accounts Receivable

9. Increase in Cash

10. Decrease in Land

Question

Business

Shyann

28 October, 21:44

Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr." (a) whether the change in the account would be recorded as a debit or a credit and (b) whether the normal balance of the account is a debit or a credit.

1. Increase in Common Stock

2. Increase in Dividends

3. Decrease in Accounts Receivable

4. Increase in Note Payable

5. Increase in Accounts Payable

6. Decrease in Supplies

7. Decrease in Salaries Expense

8. Increase in Accounts Receivable

9. Increase in Cash

10. Decrease in Land

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Answers (1)

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Furball · Answer 1

(a) (b)

Recorded Normal

As Balance

1. Increase in Common Stock Cr. Cr.

2. Increase in Dividends Dr. Dr.

3. Decrease in Accounts Receivable Cr. Dr.

4. Increase in Note Payable Cr. Cr.

5. Increase in Accounts Payable Cr. Cr.

6. Decrease in Supplies Cr. Dr.

7. Decrease in Salaries Expense Cr. Dr.

8. Increase in Accounts Receivable Dr. Dr.

9. Increase in Cash Dr. Dr.

10. Decrease in Land Cr. Dr.