Analyze the statement given then choose if the effect on account will Increase or Decrease it. Afterwards, write your answer before the number. Interest revenue that is entered in the credit side. Prepaid expense that is entered in the debit side. Interest payable that is entered in the debit side. Salaries expense that is entered in the credit side. Prepaid rent that is entered in the credit side. Unearned revenue that is entered in the debit side. Deferred revenue that is entered in the debit side. Interest expense that is entered in the credit side. Accrued liability that is entered in the debit side. Accumulated depreciation that is entered in the credit side.
Analyze the statement given then choose if the effect on account will Increase or Decrease it. Afterwards, write your answer before the number. Interest revenue that is entered in the credit side. Prepaid expense that is entered in the debit side. Interest payable that is entered in the debit side. Salaries expense that is entered in the credit side. Prepaid rent that is entered in the credit side. Unearned revenue that is entered in the debit side. Deferred revenue that is entered in the debit side. Interest expense that is entered in the credit side. Accrued liability that is entered in the debit side. Accumulated depreciation that is entered in the credit side.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyze the statement given then choose if the effect on account will Increase or Decrease it. Afterwards, write your answer before the number.
- Interest revenue that is entered in the credit side.
- Prepaid expense that is entered in the debit side.
- Interest payable that is entered in the debit side.
- Salaries expense that is entered in the credit side.
- Prepaid rent that is entered in the credit side.
- Unearned revenue that is entered in the debit side.
- Deferred revenue that is entered in the debit side.
- Interest expense that is entered in the credit side.
- Accrued liability that is entered in the debit side.
Accumulated depreciation that is entered in the credit side.
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