Indicate whether each of the following changes in accounts would be a debit (D) or credit (C) entry.
___To decrease Cash
___To increase Owner, Capital
___To decrease Accounts Payable
___To increase Salaries Expense
___To decrease Equipment
___To increase Revenue
___To decrease Accounts Receivable
___To increase Owner, Drawing
___To increase Prepaid Insurance
___To increase Accounts Payable
Correct Answer:
Verified
Q69: Revenue has the effect of decreasing owner's
Q70: In any transaction, the total dollar amount
Q71: A credit signifies increases in liabilities, capital,
Q72: A verification of the equality of debits
Q73: The left side is always the debit
Q75: Classify each of the following items as
Q76: An account balance is the difference between
Q77: A trial balance checks the equality of
Q78: Accounts Receivable is an asset account whose
Q79: A transaction with more than one debit
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