Identify whether a debit or credit entry would be made to record the indicated change in each of the following accounts a To increase Notes Payable b To decrease Accounts Receivable c To increase Owner, Capital d To decrease Unearned Fees e To decrease Prepaid Insurance f To decrease Cash g To incr...

a Credit b Credit c Credit d Debit e ...

Identify whether a debit or credit entry would be made to record the indicated change in each

Question:

Identify whether a debit or credit entry would be made to record the indicated change in each of the following accounts:
a. To increase Notes Payable
b. To decrease To increase Owner, Capital
d. To decrease Unearned Fees
e. To decrease Prepaid Insurance
f. To decrease Cash
g. To increase Utilities Expense
h. To increase Store equipment
i. To increase Owner, Withdrawals
k. To decrease Rent Payable
1. To decrease Prepaid Rent
m. To increase Supplies
n. To increase Supplies Expense
o. To decrease 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...