Question

the chart contains columns: 1.account (with accounts like rent expense, jim leong, capital, cash, jim leong, drawing, prepaid insurance, supplies, accounts receivable - lawrence jones, accounts payable - lyndig supplies, sales), 2.account classification, 3.increase side (debit), 4.increase side (credit), 5.decrease side (debit), 6.decrease side (credit), 7.accounts normal balance (debit), 8.accounts normal balance (credit). each row under these columns has circles (likely for selection).

Explanation:

Step1: Analyze Account Classification

For each account, determine its type (Asset, Liability, Equity, Revenue, Expense). For example, "Cash" is an Asset.

Step2: Determine Increase Side

Assets and Expenses increase on Debit; Liabilities, Equity, Revenue increase on Credit. So "Cash" (Asset) increases on Debit.

Step3: Determine Decrease Side

Assets and Expenses decrease on Credit; Liabilities, Equity, Revenue decrease on Debit. So "Cash" decreases on Credit.

Step4: Normal Balance

Assets and Expenses have normal Debit balance; Liabilities, Equity, Revenue have normal Credit balance. So "Cash" has normal Debit balance.
Repeat for each account:

• Real Expense: Expense → Increase Debit, Decrease Credit, Normal Debit.
• Jim Leong, Capital: Equity → Increase Credit, Decrease Debit, Normal Credit.
• Cash: Asset → Increase Debit, Decrease Credit, Normal Debit.
• Jim Leong, Drawing: Equity (Drawing) → Increase Debit, Decrease Credit, Normal Debit.
• Prepaid Insurance: Asset → Increase Debit, Decrease Credit, Normal Debit.
• Supplies: Asset → Increase Debit, Decrease Credit, Normal Debit.
• Accounts Receivable - Lawrence Jones: Asset → Increase Debit, Decrease Credit, Normal Debit.
• Accounts Payable - Lyndig Supplies: Liability → Increase Credit, Decrease Debit, Normal Credit.
• Sales: Revenue → Increase Credit, Decrease Debit, Normal Credit.

Answer:

Account	Account Classification	Increase Side		Decrease Side		Account's Normal Balance
Real Expense	Expense	⚫️			⚫️	⚫️
Jim Leong, Capital	Equity		⚫️	⚫️			⚫️
Cash	Asset	⚫️			⚫️	⚫️
Jim Leong, Drawing	Equity (Drawing)	⚫️			⚫️	⚫️
Prepaid Insurance	Asset	⚫️			⚫️	⚫️
Supplies	Asset	⚫️			⚫️	⚫️
Accounts Receivable - Lawrence Jones	Asset	⚫️			⚫️	⚫️
Accounts Payable - Lyndig Supplies	Liability		⚫️	⚫️			⚫️
Sales	Revenue		⚫️	⚫️			⚫️

(Note: ⚫️ represents the selected option for each cell)