Chapter 4

A debit increases an expense

• True

• False

A debit increases an accounts payable

• True

• False

A normal balance of cash is a

• DR

• CR

The normal balance of a bank loan is a

• DR

• CR

The normal balance of equipment is

• DR

• CR

A debit increases owner's contributions

• True

• False

A debit decreases accounts payable

• True

• False

Owner's Withdrawals

• DR

• CR

Nicole's Event business received money from a customer

• Accounts Receivable

• Accounts Payable