Identify whether a debit or credit would be correct for each of the following account changes. Use a Dr. (debit) or Cr. (credit) in the space provided.
________ 1. Increase Truck
________ 2. Increase Accounts Receivable
________ 3. Increase Accounts Payable
________ 4. Increase Salaries Expense
________ 5. Increase Service Fees Earned
________ 6. Decrease Cash
________ 7. Increase S. McCrae, Capital
________ 8. Increase S. McCrae, Withdrawals
________ 9. Increase Rent Expense
________ 10. Increase Equipment
Correct Answer:
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2. Dr.
3. Cr....
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