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For Each Item Below, Indicate Whether a Debit or a Credit

Question 67

Essay

For each item below, indicate whether a debit or a credit applies.
a. Decrease in Accounts Payable
b. Decrease in Land
c. Increase in Owner's Capital
d. Increase in Unearned Revenue
e. Decrease in Interest Payable
f. Increase in Prepaid Insurance
g. Increase in Wages Expense
h. Decrease in Art Supplies
i. Increase in Advertising Fees Earned

Correct Answer:

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a. Debit
b. Credit
c...

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