Accounting equation normal balances

Assignment Help Financial Accounting

Reference no: EM131250417

Assignment - Accounting Equation Normal Balances

Basically you gotta drag if it increases or descreases. Those 3 for assets are not right but I dragged them to their so you could see the accounts. Please help with this problem.

Accounting equation (debit or credit)

Assets, liabilities, common stock, retained earnings, revenues, expenses.

Which account goes where to the accounts on top?

Cash - increase

A/R - Decrease

Common stock Increase

Cash- Decrease

Revenue- increase

Inventory increase

Prepaid rent increase

Retained earnings increase

Expenses increase

accounts payable decrease

Supplies increase

Unearned revenue decrease

Notes payable increase

Reference no: EM131250417

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