4. To decrease the balance in the following accounts, would you debit the account or would you credit the account? a. Accounts Payable b. Cash c. Land d. Notes Payable e. Accounts Receivable f. Mary Smith, Capital g. Supplies h. Supplies Expense i. Prepaid Insurance j. Service Revenue k. Mary Smith, Drawing 1. Equipment m. Uneamed Revenue Debit Credit Debit Credit Debit Credit Debit Debit Credit Credit Debit Debit Credit Credit Credit Debit Debit Debit Credit Credit Debit Credit Debit Debit Credit Credit
4. To decrease the balance in the following accounts, would you debit the account or would you credit the account? a. Accounts Payable b. Cash c. Land d. Notes Payable e. Accounts Receivable f. Mary Smith, Capital g. Supplies h. Supplies Expense i. Prepaid Insurance j. Service Revenue k. Mary Smith, Drawing 1. Equipment m. Uneamed Revenue Debit Credit Debit Credit Debit Credit Debit Debit Credit Credit Debit Debit Credit Credit Credit Debit Debit Debit Credit Credit Debit Credit Debit Debit Credit Credit
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter2: Analyzing Transactions Into Debit And Credit Parts
Section: Chapter Questions
Problem 1AP
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