Balance Sheet Account: Asset----Increase = Debit, Decrease=Credit Normal Balance

Question

Balance Sheet Account:
Asset----Increase = Debit, Decrease=Credit Normal Balance=Debit
Liability----Increase=Credit, Decrease=Debit, Normal Balance=Credit

Owner's Equity:
*****Capital---Increase= Credit----decrease=? and Normal Balance=?******
Drawing----Increase=debit, Decrease=Debit, Normal Balance=debit

Income Statement:
Revenue-----Increase=credit, Decrease=credit, Normal Balance=Credit
Expense-----Increase=Debit, Decrease=Credit, Normal Balance=Debit

I am looking for a double check on this to make sure it is correct and The starred item I am not sure of. Thanks

Explanation / Answer

Balance Sheet Account: Asset----Increase = Debit, Decrease=Credit Normal Balance=Debit Liability----Increase=Credit, Decrease=Debit, Normal Balance=Credit Owner's Equity: Capital---Increase= Credit----decrease and Normal Balance=credit Drawing----Increase=debit, Decrease=Debit, Normal Balance=debit Income Statement: Revenue-----Increase=credit, Decrease=credit, Normal Balance=Credit Expense-----Increase=Debit, Decrease=Credit, Normal Balance=Debit

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