Essay
For each item below,indicate whether a debit or a credit applies.
a. Increase in Art Fees Earned
b. Decrease in Prepaid Rent
c. Decrease in Unearned Fees
d. Increase in Common Stock
e. Increase in Depreciation Expense, Buildings
f. Increase in Interest Receivable
g. Decrease in Retained Earnings
h. Increase in Dividends
i. Increase in Notes Payable
Correct Answer:

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a.Credit
b.Credit
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Correct Answer:
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b.Credit
c....
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