T-Accounts

Apply the rules of Debit and Credit to the following accounts:
A decrease to cash is a _______?

• Debit
• Credit

An increase to cash is ________?

• Debit
• Credit

An increase to Utilities Expense is a 

• Debit
• Credit

The normal balance for Cash is a 

• Debit
• Credit

An increase to a revenue account is a

• Debit
• Credit

An increase to Supplies is a

• Debit
• Credit

An increase to Office Furniture is a 

• Debit
• Credit

A decrease to Accounts Payable is a

• Debit
• Credit

The Accounting Equation must always be in balance? 

• True
• False

Assets 

• Anything owed by the company
• Anything owned of value by the company