Matching
Identify whether a debit or credit would be correct for each of the following account changes
Premises:
Decrease Accounts Payable
Increase Service Fees
Decrease Cash
Increase Rent Expense
Decrease Accounts Receivable
Increase Salaries Expense
Increase Delivery Van
Increase S.McCrae,Withdrawals
Decrease Equipment
Increase S.McCrae,Capital
Responses:
Dr.(debit)
Cr.(credit)
Correct Answer:
Premises:
Responses:
Decrease Accounts Payable
Increase Service Fees
Decrease Cash
Increase Rent Expense
Decrease Accounts Receivable
Increase Salaries Expense
Increase Delivery Van
Increase S.McCrae,Withdrawals
Decrease Equipment
Increase S.McCrae,Capital
Premises:
Decrease Accounts Payable
Increase Service Fees
Decrease Cash
Increase Rent Expense
Decrease Accounts Receivable
Increase Salaries Expense
Increase Delivery Van
Increase S.McCrae,Withdrawals
Decrease Equipment
Increase S.McCrae,Capital
Responses:
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