Listed below are components of several transactions. Indicate whether a debit (dr) or credit (cr) would be required to record the component of the transaction.   Question 3 options:   Increase in Inventory.   Decrease in Equipment.   Decrease in Notes Payable.   Increase in Accounts Payable.   Increase in Common Stock.   Increase in Cash.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Listed below are components of several transactions. Indicate whether a debit (dr) or credit (cr) would be required to record the component of the transaction.

 

Question 3 options:

 

Increase in Inventory.



 

Decrease in Equipment.

 

Decrease in Notes Payable.



 

Increase in Accounts Payable.



 

Increase in Common Stock.



 

Increase in Cash.

 
1.

Debit

2.

Credit

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