Matching debit and credit terminology with accounts Required Complete the following table by indicating whether a debit
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Complete the following table by indicating whether a debit or credit is used to increase or de creases the balance of the following accounts. The appropriate debit/credit terminology has been identified for the first account as anexample.
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Used to Increase This Account Used to Decrease This Account Account Titles Accounts Receivable Accounts Payable Common Stock Land Unearned Revenue Service Revenue Retained Earnings Insurance Expense Rent Expense Prepaid Rent Interest Revenue Debit Credit
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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