Essay
Listed below are components of several transactions.In the blank to the left indicate whether a debit (dr)or credit (cr)would be required to record the component of the transaction.
_____ (1)Increase in Cash.
_____ (2)Increase in Accounts Payable.
_____ (3)Decrease in Notes Payable.
_____ (4)Increase in Inventory.
_____ (5)Increase in Common Stock.
_____ (6)Decrease in Equipment.
Correct Answer:
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(1)dr
(2)c...View Answer
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Correct Answer:
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(2)c...
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