Essay
Complete the following entries by using a "debit" or "credit."
a) Received payment from a customer. Cash would have a: ________
b) Owner makes an investment of equipment. Capital would have a:________
c) Paid rent in advance. Prepaid Rent would have a: ________
d) Billed a customer for services rendered. Revenue would have a: ________
e) Paid an advertising bill received last month. Cash would have a: ________
f) Owner withdrew cash. Withdrawals would have a: ________
Correct Answer:

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a)Debit
b)Credit
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Correct Answer:
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b)Credit
c...
View Answer
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