Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in
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Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in items 1 through 15.
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Increase (I) or Decrease (D) Account 1. Inventory Depreciation expense Accounts payable Prepaid rent 2. 3. 4. 5. Sales revenue 6. Common stock 7. Salaries payable Cost of goods sold Utilities expense Equipment Accounts receivable 8. 9. 10. 11. 12. Utilities payable 13. Rent expense Interest expense 14. 15. Interest revenue
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When debited Sr No Account Whether Increase Whether ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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