BE2-1 For each of the following accounts indicate (a) the effect of a debit or a credit on the
account and (b) the normal balance.
1. Accounts Payable.
2. Advertising Expense.
3. Service Revenue.
4. Accounts Receivable.
5. Common Stock.
1. Accounts Payable decreases with a debit; increases with a credit and has a normal credit balance.
2. Advertising Expense increases with a debit; ...
The solution gives a sentence in explanation of each of the six accounts stating the effect of a debit or a credit on the account and the normal balance of each account.