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. Owner's Capital

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. Owner's Capital

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. Owner's Capital

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