For each of the following accounts indicate the effects of a debit and a credit on the accounts and the normal balance of the account.

1. Accounts Payable
2. Advertising Expense
3. Service Revenue
4. Accounts Receivable
5. Common Stock
6. Dividends

1. Accounts Payable  - Debit reduces the balance, credit increases it. It normally has a credit balance

2. Advertising Expense  -  Debit increase it and credit reduces it. Itb normally has a debit balance

3. Service Revenue  - Debit reduces the balance, credit increases it. It normally has a credit balance

4. Accounts Receivable  - Debit increase it and credit reduces it. Itb normally has a debit balance

5. Common Stock  - Debit reduces the balance, credit increases it. It normally has a credit balance

6. Dividends - Debit increase it and credit reduces it. Itb normally has a debit balance

Explanation:

Assets and expenses normally have debit balances and are items in the balance sheet and income statement respectively. Revenue and liabilities normally have credit balances and are elements of the income statements and balance sheet respectively.

engine assembler, survey reasearcher, auditor

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi