1. What type of entry will increase the normal balance of the general ledger account Service Revenues?

a) Debit

b) Credit

2. What type of entry will increase the normal balance of the general ledger account that reports the amount owed
as of the balance sheet date for a company's accrued expenses?

a) Debit

b) Credit

3. What type of entry will increase the normal balances of the general ledger accounts Electricity Expense,
Insurance Expense, Interest Expense, and Repairs Expense?

a) Debit

b) Credit

4. What type of accounts are Interest Receivable and Fees Receivable?

a) Asset

b) Liability

c) Equity

d) Revenue

e) Expense

5. What type of entry will decrease the normal balances of the general ledger accounts Interest Receivable and
Fees Receivable?

a) Debit

b) Credit

6. What type of accounts are Deferred Revenues and Unearned Revenues?

a) Asset

b) Liability

c) Equity
 d) Revenue

7. What type of entry will decrease the normal balances of the accounts Deferred Revenues and Unearned
Revenues?

a) Debit

b) Credit

8. What type of accounts are Prepaid Insurance, Prepaid Advertising, and Prepaid Expenses?

a) Asset

b) Liability

c) Equity

d) Revenue

e) Expense

9. What type of entry will decrease the normal balances of the accounts Prepaid Insurance and Prepaid Expenses,
and Insurance Expense?

a) Debit

b) Credit

10. What type of accounts are Accumulated Depreciation and Allowance for Doubtful Accounts?

a) Contra Asset

b) Equity

c) Expense

d) Liability

e) Revenue

11. What type of entry will increase the balances that are normally found in the accounts Accumulated
Depreciation and Allowance for Doubtful Accounts?

a) Debit

b) Credit