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Indicate Whether a Debit or Credit Entry Would Be Required

Question 194

Essay

Indicate whether a debit or credit entry would be required to record the following changes in each account.
a. To decrease Cash
b. To increase Owner, Capital
c. To decrease Accounts Payable.
d. To increase Salaries Expense.
e. To decrease Supplies.
f. To increase Revenue.
g. To decrease Accounts Receivable.
h. To increase Owner, Withdrawals.

Correct Answer:

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a. Credit, b. Credit...

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