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For Each Item Below, Indicate Whether a Debit or a Credit

Question 171

Essay

For each item below, indicate whether a debit or a credit applies.
a. Increase in Art Fees Earned
b. Decrease in Prepaid Rent
c. Decrease in Unearned Fees
d. Increase in Owner's Capital
e. Increase in Depreciation Expense, Buildings
f. Increase in Interest Receivable
g. Decrease in Accounts Payable
h. Increase in Owner's Withdrawals
i. Increase in Notes Payable

Correct Answer:

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a. Credit
b. Credit
...

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