For each item thatfollows, indicate whether a debit or a credit applies.A. increase in prepaid insuranceB. increase in u tilities expenseC. increase in commissions earnedD. increase in supplies

Introduction: Each and every business effects two aspects one is giving and taking aspect. 1 ) debit…

Answered: For each item that follows, indicate…

For each item that follows, indicate whether a debit or acredit applies A. increase in prepaid incurance B. increase in utilities expense Cincrease in commissions earned D. increase in supplies

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 17EA: For each item that follows, indicate whether a debit or a credit applies. A. increase in prepaid...

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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For each item thatfollows, indicate whether a debit or a credit applies.
A. increase in prepaid insurance
B. increase in u tilities expense
C. increase in commissions earned
D. increase in supplies

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