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For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash d. Increase to Interest Expense e. Increase to Salaries Payable DR CR

For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash d. Increase to Interest Expense e. Increase to Salaries Payable DR CR

FINANCIAL ACCOUNTING
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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For each account, identify whether the changes would be recorded as a Debit (DR), or Credit (CR). Thank you :)
Homework: Chapter 2 Homework Score: 0 of 1 pt 2 of 19 (0 complete) S2-2 (book/static) For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash d. Increase to Interest Expense e. Increase to Salaries Payable DR CR
Transcribed Image Text:Homework: Chapter 2 Homework Score: 0 of 1 pt 2 of 19 (0 complete) S2-2 (book/static) For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash d. Increase to Interest Expense e. Increase to Salaries Payable DR CR
Expert Solution
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All the asset and expense accounts are increased with a debit and decreased with a credit. On the other hand, all the liability, shareholders' equity, and revenue accounts are increased with credit and decreased with a debit.

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