Would you help me identify for each account if the change would be recorded as a debit (DR) or Credit (CR). Thank you :) Try It!For cach account, identify if the change would be recorded as a debit (DR) or credit (CR).11. Increase to Cash16. Increaselto Interest Revenue12. Decrease to Accounts Payable17. Increase to Rent Expense13. Increase to Owner, Capital18. Decrease to Office Supplies14. Increase to Unearned Revenue19. Increase to Prepaid Rent15. Decrease to Accounts Receivable20. Increase to Notes Payable

1. For Assets: An increase in assets will be recorded as a debit (DR) A decrease in assets will be…

Answered: For each account, identify if the…

Business

Accounting

For each account, identify if the change would be recorded as a debit (DR) or credit (CR).

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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Would you help me identify for each account if the change would be recorded as a debit (DR) or Credit (CR). Thank you :)

Try It!
For cach account, identify if the change would be recorded as a debit (DR) or credit (CR).
11. Increase to Cash
16. Increaselto Interest Revenue
12. Decrease to Accounts Payable
17. Increase to Rent Expense
13. Increase to Owner, Capital
18. Decrease to Office Supplies
14. Increase to Unearned Revenue
19. Increase to Prepaid Rent
15. Decrease to Accounts Receivable
20. Increase to Notes Payable

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