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    Debit and Credit and Normal Balance

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    In columns (a) and (b) indicate whether the change in the account would be recorded as a debit or a credit and whether the normal balance of the account is a debit or a credit. In column (c) indicate if the basic type of account is Asset, Liability or Stockholder's Equity.

    (a) (b ) (c)
    Recorded Normal Basic
    As Balance Account
    Increase in Common Stock Credit Credit Stockholders' Equity
    Increase in Dividends
    Decrease in Accounts Receivable
    Increase in Note Payable
    Increase in Accounts Payable
    Decrease in Supplies
    Decrease in Salaries Expense
    Decrease in Retained Earnings
    Increase in Cash
    Decrease in Land

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    https://brainmass.com/business/accounting/debit-credit-normal-balance-215089

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    Question:In columns (a) and (b) indicate whether the change in the account would be recorded as a debit or a credit and whether the normal balance of the account is a debit or a credit. In column (c) indicate if the basic type of account is Asset, Liability or Stockholder's Equity.
    (a) (b ) (c)
    Recorded Normal Basic
    ...

    Solution Summary

    This solution contains a table format that indicates whether the normal balance is debit or credit, and the effect of the entry. Full explanation is given for special items like dividend payment and decrease in salary expense.

    $2.19

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