2. Analyse whether to debit and credit the corresponding account. E.g. increase cash-Since cash is an asset account and there is an increase to an asset account, and assets are "debit" in nature, we debit cash (Mark a "X" in the debit column). Item Debit Credit Decrease inventory Increase office supplies Increase note payable Decrease trade creditors Decrease wage payable Increase goodwill Increase preference share capital Increase trade debtors Increase office furniture Decrease loan payable Increase service revenue Increase utilities expenses Decrease number of delivery vans Increase accrued expenses Increase share capital Decrease prepaid expenses Increase unearned revenue Decrease cash Increase unearned revenue Decrease cash Decrease accounts receivable Decrease accounts payable Increase note payable Increase interest expense Increase accounts payable Increase inventory Increase cost of goods sold Increase land Increase gains on disposal Increase loss on disposal Increase income tax expense Increase insurance expense w