Identify whether the changes would be recorded as a Debit (DR) or Credit (CR).(This isn't graded. It's just a practice). Thank you very much f. Decrease to Prepaid Rentg. Increase to Proudfoot, Capitalh. Increase to Notes Receivablei. Decrease to Accounts Payablej. Increase to Interest RevenueDRCR

Answered: Identify whether the changes would be…

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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Identify whether the changes would be recorded as a Debit (DR) or Credit (CR). (This isn't graded. It's just a practice). Thank you very much

f. Decrease to Prepaid Rent
g. Increase to Proudfoot, Capital
h. Increase to Notes Receivable
i. Decrease to Accounts Payable
j. Increase to Interest Revenue
DR
CR

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