Answer:
a) bonds payable
normal balance: credit debit decrease credit increase
b) unearned service revenue
normal balance: debit increase credit decrease
c) depreiciation expense
normal balance: debit increase credit decrease
d) common stock
normal balance: credit debit decrease credit increase
e) building
normal balance: debit increase credit decrease
f) rent revenue
normal balance: credit debit decrease credit increase
Explanation:
The reasons are in the acounting equation
assets = laibilities + Equity + revenues - expenses
the left side increase form debit
and the right side from credit
From there, we can conclude each account:
A) B) Are laibilities, obligation to the company an so, follow the rules for liabilities.
C) expenses they decrease equity, so they increase from debit and increase from
D) equity is on the left side
E) assets are the company's possesions. Increase from debit and decrease from credit
F) revenue increase equity so it beheaves like it.
