2. For each item below, indicate whether a debit or credit applies. 1. Decrease in Notes Payable 2. Increase in Dividends 3. Increase in Common Stock 4. Increase in Uneamed Rent Revenue 5. Decrease in Interest Payable 6. Increase in Prepaid Insurance 7. Decrease in Salaries and Wages Expense 8. Decrease in Supplies 9. Increase in Revenues 10. Decrease in Accounts Receivable

2. For each item below, indicate whether a debit or credit applies. 1. Decrease in Notes Payable 2. Increase in Dividends 3. Increase in Common Stock 4. Increase in Uneamed Rent Revenue 5. Decrease in Interest Payable 6. Increase in Prepaid Insurance 7. Decrease in Salaries and Wages Expense 8. Decrease in Supplies 9. Increase in Revenues 10. Decrease in Accounts Receivable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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