For each of the following accounts, indicate the effects of (a) a debit and (b) the normal account balance.
1. Notes Payable
2. Prepaid Insurance
3. Salaries and Wages Expense
4. Service Revenue
5. Equipment
6. Common Stock

Question

For each of the following accounts, indicate the effects of (a) a debit and (b) the normal account balance.
 1. Notes Payable
 2. Prepaid Insurance
 3. Salaries and Wages Expense
 4. Service Revenue
 5. Equipment
 6. Common Stock

Quizplus · Accepted Answer

The Answer of For each of the following accounts, indicate the effects of (a) a debit and (b) the normal account balance.
 1. Notes Payable
 2. Prepaid Insurance
 3. Salaries and Wages Expense
 4. Service Revenue
 5. Equipment
 6. Common Stock

For Each of the Following Accounts, Indicate the Effects of (A)