Impact of Debits and Credits Indicate whether the account balance for each of the following accounts will
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Impact of Debits and Credits Indicate whether the account balance for each of the following accounts will be increased or decreased by the action taken:
. Sales Revenue is credited.
. Depreciation Expense is debited.
. Accumulated Depreciation is credited.
. Accounts Receivable is credited.
. Land is debited.
. Wages Payable is debited.
. Capital Stock is credited.
. Unearned Revenue is debited.
. Prepaid Insurance is credited.
. Accounts Payable is credited. Cay js fe) (2k ty ise)Teele) 5
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Related Book For
Financial Accounting A Decision Making Approach
ISBN: 9780471328230
2nd Edition
Authors: Thomas E. King, Valdean C. Lembke, John H. Smith
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