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1. 2. 3. 4. 5. 56 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Increase (I) or Decrease (D) Inventory Account Depreciation expense Accounts payable Prepaid rent Sales revenue Common stock Salaries payable Cost of goods sold Utilities expense Equipment Accounts receivable Utilities payable Rent expense Interest expense Interest revenue Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in items 1 through 15.

1. 2. 3. 4. 5. 56 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Increase (I) or Decrease (D) Inventory Account Depreciation expense Accounts payable Prepaid rent Sales revenue Common stock Salaries payable Cost of goods sold Utilities expense Equipment Accounts receivable Utilities payable Rent expense Interest expense Interest revenue Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in items 1 through 15.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 7E: Label the blanks in the column heads as either Debit or Credit.
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1. 2. 3. 4. 5. 56 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Increase (I) or Decrease (D) Inventory Account Depreciation expense Accounts payable Prepaid rent Sales revenue Common stock Salaries payable Cost of goods sold Utilities expense Equipment Accounts receivable Utilities payable Rent expense Interest expense Interest revenue
Transcribed Image Text:1. 2. 3. 4. 5. 56 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Increase (I) or Decrease (D) Inventory Account Depreciation expense Accounts payable Prepaid rent Sales revenue Common stock Salaries payable Cost of goods sold Utilities expense Equipment Accounts receivable Utilities payable Rent expense Interest expense Interest revenue
Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in items 1 through 15.
Transcribed Image Text:Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in items 1 through 15.
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