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Increases and Decreases in Various Types of Accounts Are Listed

Question 7

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Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr." a) whether the change in the account would be recorded as a debit or a credit and b) whether the normal balance of the account is a debit or a credit. Increases and decreases in various types of accounts are listed below. In each case, indicate by Dr. or Cr. a) whether the change in the account would be recorded as a debit or a credit and b) whether the normal balance of the account is a debit or a credit.

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