Complete the following statements using either debit or credit (a) The cash account is increased with a (b) The owners capital account is increased with a (c) The delivery equipment account is increased with a (d) The cash account is decreased with a (e) The liability account Accounts Payable is in...

a The cash account is increased with a debit b The ...

Complete the following statements using either debit or credit: (a) The cash account is increased with a

Question:

Complete the following statements using either “debit” or “credit”:

(a) The cash account is increased with a _________.

(b) The owner’s capital account is increased with a _________.

(d) The cash account is decreased with a _________.

(e) The liability account Accounts Payable is increased with a _________.

(f) The revenue account Delivery Fees is increased with a _________.

(g) The asset account Accounts Receivable is increased with a _________.

(h) The rent expense account is increased with a _________.

(i) The owner’s drawing account is increased with a _________.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...