Listed Below Are Several Accounts from Process Improvements,Inc

Essay

Listed below are several accounts from Process Improvements,Inc.for the year ended December 31,2012.Next to each account indicate its normal balance and whether you would need to debit or credit the account to decrease it.Use DR for debit and CR for credit.

$\begin{array}{ | l | c | c | } \hline & \text { Normal Balance } & \text { To Decrease } \\\hline \text { Prepaid rent } & & \\\hline \text { Notes payable } & & \\\hline \text { Retained earnings } & & \\\hline \text { Sales revenue } & & \\\hline \text { Cash } & & \\\hline \text { Store equipment } & & \\\hline \text { Paid in capital } & & \\\hline \text { Wage expense } & & \\\hline \text { Accounts receivable } & & \\\hline \text { Cost of goods sold } & & \\\hline \text { Accounts payable } & & \\\hline \text { Unventilities expense } & & \\\hline \text { Depreciation expense } & & \\\hline \text { Accumulated depreciation } & & \\\hline\end{array}$