Business, 18.09.2019 01:00 ryanfish6106

For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.
(a) accounts payable
(b) advertising expense
(c) service revenue
(d) accounts receivable
(e) retained earnings
(f) dividends

Answers: 2

Show answers

Answers

Answer from: owenbarrows

a. Accounts Payable

Effect of a debit - Decrease

Effect of a credit - Increase

Normal balance - Credit

b. Advertising Expense

Effect of a debit - Increase

Effect of a credit - Decrease

Normal balance - Debit

c. Service Revenue

Effect of a debit - Decrease

Effect of a credit - Increase

Normal balance - Credit

d. Accounts Receivable

Effect of a debit - Increase

Effect of a credit - Decrease

Normal balance - Debit

e. Retained Earnings

Effect of a debit - Decrease

Effect of a credit - Increase

Normal balance - Credit

f. Dividends

Effect of a debit - Increase

Effect of a credit - Decrease

Normal balance - Debit

Explanation:

Debit balances for example expenses and assets such as cash, accounts receivable, inventory etc. are increased by debits and decreased by credits.

Credit balances for example revenue, share capital, retained earnings, liabilities such as accounts payable, debt etc. are increased by credits and decreased by debits.

Answer from: Quest

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

Answer from: Quest

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself

Another question on Business

Business, 21.06.2019 19:30

How does knowing about supply and demand

Answers: 1

Answer

Business, 22.06.2019 04:00

Medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic. hughes sought a position as a sales director for st. jude. st. jude told hughes that his contract with medtronic was unenforceable and offered him a job. hughes accepted. medtronic filed a suit, alleging wrongful interference. which type of interference was most likely the basis for this suit? did it occur here? medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic

Answers: 2

Answer

Business, 22.06.2019 17:40

Take it all away has a cost of equity of 11.11 percent, a pretax cost of debt of 5.36 percent, and a tax rate of 40 percent. the company's capital structure consists of 67 percent debt on a book value basis, but debt is 33 percent of the company's value on a market value basis. what is the company's wacc

Answers: 2

Answer

Business, 22.06.2019 19:50

Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.

Answers: 2

Answer

You know the right answer?

For each of the following accounts, indicate the effect of a debit or a credit on the account and th...

Questions