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Learning Competency, , Analyze common business transactions using the rules of debit and credit ABM_FABM11- IIIgj27, , Activity 1 Rules of Debit and Credit, , Instruction: Complete the table below. The first item has been done for you., , , , , , , , , , , , , , , , , , , , , , List of Accounts Classification Normal Increased by | Decreased by, (Asset, Liabilities, | Balance (Debi (ebit/, Owner’s Equity (Debit/ Credit) | Credit) Credit), Revenue,, Expense), 1 | Cash Asset Debit Debit Credit, 2 | Accounts Receivable, 3 | Merchandise Inventory, 4 | Prepaid Insurance, 5 | Supplies, 6 | Office Equipment, 7 | Transportation, Equipment, 8 | Building, 9 | Land, , , , 10 | Intangible Assets, , , , 11 | Accounts Payable, , , , 12 | Notes Payable, , , , 13 | Salaries Payable, , , , 14 | Utilities Payable, , , , 15 | Liam,Capital, , , , 16 | Liam.Withdrawal, , , , 17 | Sales, , , , 18 | Interest Income, , , , , , , , , , , , , , , , , , 67, , , , 19 | Cost of Sales, , , , 20 | Purchases, , , , 21 | Freight In, , , , 22 | Salaries Expense, , , , 23 | Supplies Expense, , , , 24 | Utilities Expense, , , , 25 | Communication, Expense, , , , 26 | Travel Expense, , , , 27 | Rent Expense, , , , 28 | Insurance Expense, , , , 29 | Advertising Expense, , , , 30 | Delivery Expense