Business, 06.10.2019 06:30 smm1106

For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance. debit effect credit effect normal balance a. bonds payable. select between increase and decrease select between increase and decrease select between credit and debit b. unearned service revenue. select between increase and decrease select between increase and decrease select between credit and debit c. depreciation expense. select between increase and decrease select between increase and decrease select between credit and debit d. common stock. select between increase and decrease select between increase and decrease select between credit and debit e. buildings. select between increase and decrease select between increase and decrease select between credit and debit f. rent revenue.

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Answer from: oryunnis

Debit Credit

A Bonds payable DecreaseIncrease

b. Unearned Service Revenue DecreaseIncrease

c. Depreciation Expense IncreaseDecrease

d. Common Stock DecreaseIncrease

e. Buildings. IncreaseDecrease

f. Rent Revenue. DecreaseIncrease

Explanation:

Debit Credit

A Bonds payableDecreaseIncrease

Bonds payable are a form of long term debt usually issued by corporations, hospitals, and governments.

b. Unearned Service RevenueDecreaseIncrease

Unearned Service Revenue is a liability account that is used to record advanced collections from clients. In other words, it pertains to revenue already collected but the service has not yet been rendered

c. Depreciation ExpenseIncreaseDecrease

Depreciation expense is the amount of depreciation that is reported on the income statement.

d. Common StockDecreaseIncrease

Common stock is a security that represents ownership in a corporation.

e. Buildings. IncreaseDecrease

A building, or edifice, is a structure with a roof and walls standing more or less permanently in one place, such as a house or factory

f. Rent Revenue.DecreaseIncrease

Rent Revenue is the title of an income statement account which (under the accrual basis of accounting) indicates the amount of rent that has been earned during the period of time indicated in the heading of the income statement.

Answer from: Quest

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

Answer from: Quest

hi i’m a student too and i’ve had this app downalodes for a few weeks people do answer it you just gotta be patient and what is your question + subject i’ll you?

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For each of the following accounts, indicate the effect of a debit or credit on the account and the...

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