Change in the account recorded as a debit or a credit


Question: In columns (a) and (b) indicate whether the change in the account would be recorded as a debit or a credit and whether the normal balance of the account is a debit or a credit.  In column (c) indicate if the basic type of account is Asset, Liability or Stockholder’s Equity.

 

(a)

(b )

(c)

 

Recorded

Normal

Basic

 

   As   

Balance

Account

Increase in Common Stock

Credit

Credit

Stockholders' Equity

Increase in Dividends

 

 

 

Decrease in Accounts Receivable

 

 

 

Increase in Note Payable

 

 

 

Increase in Accounts Payable

 

 

 

Decrease in Supplies

 

 

 

Decrease in Salaries Expense

 

 

 

Decrease in Retained Earnings

 

 

 

Increase in Cash

 

 

 

Decrease in Land

 

 

 

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Accounting Basics: Change in the account recorded as a debit or a credit
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