RULES OF DEBIT AND CREDIT

Which of the following account titles is differently classified from the others listed?

• Unearned Service Income

• Accounts payable

• Notes payable

• Prepaid Expense

Which of the following account titles is differently classified from the others listed?

• Cash in bank

• Accounts receivable

• Supplies inventory

• Owner's equity

Which of the following account titles is differently classified from the others listed?

• Service revenue

• Depreciation expense

• Supplies inventory

• Uncollectible account

Indicate the effect on the balances of the following accounts.

Accounts receivable account is increased

• Debit

• Credit

Indicate the effect on the balances of the following accounts.

Accumulated Depreciation account is increased

• Debit

• Credit

Indicate the effect on the balances of the following accounts.

Service income account is decreased

• Debit

• Credit

Indicate the effect on the balances of the following accounts.

Notes payable account is decreased

• Debit

• Credit

Indicate the effect on the balances of the following accounts.

Accounts payable account is increased

• Debit

• Credit

Indicate the effect on the balances of the following accounts.

Capital account is increased

• Debit

• Credit

Indicate the effect on the balances of the following accounts.

Accrued expenses account is increased

• Debit

• Credit