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Identify Whether a Debit or Credit Would Be Correct for Each

Question 134

Essay

Identify whether a debit or credit would be correct for each of the following account changes. Use a Dr. (debit) or Cr. (credit).
___Dr___ 0. Increase Cash
________ 1. Increase Equipment
________ 2. Decrease Accounts Receivable
________ 3. Decrease in Accounts Payable
________ 4. Increase in Salaries Expense
________ 5. Increase in Service Fees
________ 6. Decrease in Cash
________ 7. Increase J. Russell, Capital
________ 8. Increase J. Russell, Withdrawals
________ 9. Increase Rent Expense
________ 10. Decrease Equipment

Correct Answer:

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1. Dr.
2. Cr.
3. Dr....

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