For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR).|f. Decrease to Prepaid Rent|g. Increase to Proudfoot, Capital|h. Increase to Notes Receivablei. Decrease to Accounts Payablea. Increase to Accounts Receivableb. Decrease to Unearned Revenuec. Decrease to Cashd. Increase to Interest Expensee. Increase to Salaries Payablej. Increase to Interest Revenue

Name: For each account, identify whether the changes would be recorded as a
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Description: For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR).|f. Decrease to Prepaid Rent|g. Increase to Proudfoot, Capital|h. Increase to Notes Receivablei. Decrease to Accounts Payablea. Increase to Accounts Rece

Debit Credit Assets Increase Decrease Liabilities Decrease Increase…

Business

Accounting

For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). |f. Decrease to Prepaid Rent ]g. Increase to Proudfoot, Capital h. Increase to Notes Receivable |1. Decrease to Accounts Payable |j. Increase to Interest Revenue a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash d. Increase to Interest Expense e. Increase to Salaries Payable

For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). |f. Decrease to Prepaid Rent ]g. Increase to Proudfoot, Capital h. Increase to Notes Receivable |1. Decrease to Accounts Payable |j. Increase to Interest Revenue a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash d. Increase to Interest Expense e. Increase to Salaries Payable

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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