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Complete the following table by indicating for a through g whether the proper answer is debit or credit Here is a tip Expense accounts have a normal debit balance and contra expense accounts have

Complete the following table by indicating for (a) through (g) whether the proper answer is debit or credit:
Account Increase Decrease Normal Balance
Purchases debit (a) (b)
Purchases Discounts credit (c) credit
Purchases Returns and Allowances (d) (e) (f)
Freight In debit (g) debit
 

Here is a tip:

Expense accounts have a normal debit balance and contra-expense accounts have a normal credit balance.

Apr 14 2021 View more View Less

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