John received $350 for delivery services; this transaction increased Cash and revenue.
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Q16: A credit increases liabilities and owner's equity.
Q17: Liability accounts normally have debit balances.
Q18: Expense accounts normally have debit balances.
Q19: If services for the month total $7,000
Q20: An increase or decrease in any asset,liability,owner's
Q22: The owner's capital account normally has a
Q23: The balance of a T account is
Q24: Owner's equity includes four types of accounts:
Q25: If services for the month total $3,300
Q26: Increases in owner's equity are entered as
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