Essay
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 Delivery Van
________ 2. Decrease Accounts Receivable
________ 3. Decrease Accounts Payable
________ 4. Increase Salaries Expense
________ 5. Increase Service Fees
________ 6. Decrease Cash
________ 7. Increase S. McCrae, Capital
________ 8. Increase S. McCrae, Withdrawals
________ 9. Increase Rent Expense
________ 10. Decrease Equipment
Correct Answer:

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1. Dr.
2. Cr.
3. Dr....View Answer
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Correct Answer:
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2. Cr.
3. Dr....
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Q3: The Accounts Receivable account is<br>A) a revenue,
Q4: Which of the statements of the rules
Q5: The debit side is always the right
Q6: The business bought supplies on account. To
Q7: The side that increases the account balance,
Q9: Revenues are recorded when earned.
Q10: When recording transactions in two or more
Q11: A debit to a liability account was
Q12: Equipment is an example of a liability.
Q13: A credit to an asset account was