BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Asset accounts normally have debit balances and are debited to increase their balances. Supplies is an asset account. Asset accounts normally have debit balances and are debited to increase their balances. Supplies Expense should be debited.

Detailed explanation-2: -Debits increase asset or expense accounts and decrease liability, revenue or equity accounts. Credits do the reverse.

Detailed explanation-3: -Debits increase asset and expense accounts. Debits decrease liability, equity, and revenue accounts.

Detailed explanation-4: -Cash is an asset account, so an increase is a debit and an increase in the common stock account is a credit.

Detailed explanation-5: -A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.