Chapter 5, Problem 4.2C

For each account, identify whether the changes would be recorded as a Debit (DR), or Credit (CR). Thank you :)

Select the correct account type(asset, liability, equity, revenue, expense) for the below accounts: Depreciation expense Answer 1Choose...RevenueAssetLiabilityEquityExpense Drawings Answer 2Choose...RevenueAssetLiabilityEquityExpense Prepaid Insurance Answer 3Choose...RevenueAssetLiabilityEquityExpense Unearned Service Revenue Answer 4RevenueAssetLiabilityEquityExpense

Question: True or False 1) Drawings is treated as an expense type of account. reqiured: please answer this question by stating whether this statement is true or false.