Multiple Choice
Which of the following applications of the rules of debit and credit is true?
A) decrease Prepaid Insurance with a credit and the normal balance is a credit
B) increase Accounts Payable with a credit and the normal balance is a debit
C) increase Equipment with a debit and the normal balance is a debit
D) decrease Cash with a debit and the normal balance is a credit
Correct Answer:

Verified
Correct Answer:
Verified
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