TRANSACTIONS DEBIT CREDIT 1.Cash is increased 2. Capital is increased 3.Rent expense in increased 4. Equipment is increased 5. Service Income is increased 6. Prepaid Rent is increased 7. Accounts Receivable is increased 8. Accounts Payable is increased 9. Cash is decreased 10.Capital is decreased 11. Rent expense is decreased 12. Equipment is decreased 13.Service Income is decreased 14. Accounts receivable is decreased 15. Accounts payable is decreased

TRANSACTIONS DEBIT CREDIT 1.Cash is increased 2. Capital is increased 3.Rent expense in increased 4. Equipment is increased 5. Service Income is increased 6. Prepaid Rent is increased 7. Accounts Receivable is increased 8. Accounts Payable is increased 9. Cash is decreased 10.Capital is decreased 11. Rent expense is decreased 12. Equipment is decreased 13.Service Income is decreased 14. Accounts receivable is decreased 15. Accounts payable is decreased

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 9PA: Indicate the net effect ( for increase; for decrease; 0 for no effect) of each of the following...

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