Identify whether a debit or credit results in the indicated change for each of the following accounts. a. To increase Land b. To decrease Cash c. To increase Fees Eaned (Revenues) d. To increase Salaries Expense e. To decrease Unearned Revenue f. To decrease Prepaid Rent g. To increase Notes Payable h. To decrease Accounts Receivable i. To increase Owner, Capital j. To increase Store Equipment

Identify whether a debit or credit results in the indicated change for each of the following accounts. a. To increase Land b. To decrease Cash c. To increase Fees Eaned (Revenues) d. To increase Salaries Expense e. To decrease Unearned Revenue f. To decrease Prepaid Rent g. To increase Notes Payable h. To decrease Accounts Receivable i. To increase Owner, Capital j. To increase Store Equipment

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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