Accounting: Debit and Credit

Apply the rules of Debit and Credit to the following accounts:
A decrease to cash is a _______?

• Debit
• Credit

An increase to cash is ________?

• Debit
• Credit

An increase to Utilities Expense is a 

• Debit
• Credit

The normal balance for Cash is a 

• Debit
• Credit

An increase to a revenue account is a

• Debit
• Credit

An increase to Supplies is a

• Debit
• Credit

An increase to Office Furniture is a 

• Debit
• Credit

A decrease to Accounts Payable is a

• Debit
• Credit

A financial statement that reports assets, liabilities, and owner's equity on a specific date.

• balance sheet
• income statement
• work sheet
• trial balance

Kim Hurt is an awesome teacher?

• True
• False