Understanding Debits, Credits, and Retained Earnings Below is a list of accounts and whether the account is being debited or credited. For each item, indicate whether the account balance will be increased or decreased.

Transcribed Image Text:

Account 0. Salary Expense Debit or Credit Debit Credit 1. Sales Revenue 2. Retained Earnings Debit 3. Insurance Expense Credit 4. Dividends Credit 5. Interest Revenue Debit 6. Advertising Expense Debit 7. Rent Revenue Credit Account Balance Increased