Hi I need help in financial accounting please.. Listed below are selected accoun

ID: 2418571 • Letter: H

Question

Hi I need help in financial accounting please..

Listed below are selected accounts. In the dropdowns provided for each account, indicate what type of account it is, its normal balance, and the debit/credit rules for increasing and decreasing it. Use the following abbreviations for your answer:
Type of Account Normal Account Balance Rules to Increase or Decrease the Account A = Asset Dr = Debit Dr = Debit L = Liability Cr = Credit Cr = Credit SE = Stockholders' Equity R = Revenue E = Expense D = Dividend Type of Account Normal Balance Rule to Increase Rule to Decrease Example: Cash A Dr Dr Cr Accounts Payable SelectALSEREDItem 1 SelectDrCrItem 2 SelectDrCrItem 3 SelectDrCrItem 4 Retained Earnings SelectALSEREDItem 5 SelectDrCrItem 6 SelectDrCrItem 7 SelectDrCrItem 8 Prepaid Insurance SelectALSEREDItem 9 SelectDrCrItem 10 SelectDrCrItem 11 SelectDrCrItem 12 Service Revenues SelectALSEREDItem 13 SelectDrCrItem 14 SelectDrCrItem 15 SelectDrCrItem 16 Notes Payable SelectALSEREDItem 17 SelectDrCrItem 18 SelectDrCrItem 19 SelectDrCrItem 20 Intangibles SelectALSEREDItem 21 SelectDrCrItem 22 SelectDrCrItem 23 SelectDrCrItem 24 Common Stock SelectALSEREDItem 25 SelectDrCrItem 26 SelectDrCrItem 27 SelectDrCrItem 28 Salary Expense SelectALSEREDItem 29 SelectDrCrItem 30 SelectDrCrItem 31 SelectDrCrItem 32 Accounts Receivable SelectALSEREDItem 33 SelectDrCrItem 34 SelectDrCrItem 35 SelectDrCrItem 36 Unearned Revenues SelectALSEREDItem 37 SelectDrCrItem 38 SelectDrCrItem 39 SelectDrCrItem 40

Explanation / Answer

Type of Account

Normal Balance

Rule to Increase

Rule to Decrease

Accounts Payable

Retained Earnings

Prepaid Insurance

Service Revenues

Notes Payable

Intangibles

Common Stock

Salary Expense

Accounts Receivable

Unearned Revenues