26) The left side of the T-account for Accounts Receivable is the debit side and the left side of the T-account for Accounts Payable is the credit side. A. True or B. False 27) An asset account is increased by a debit. A. True or B. False 28) Which of the following accounts decreases with a debit? A) Accounts Receivable; B) Notes Payable; C) Cash; D) Rent Expense or B. False 29) All asset accounts and equity accounts increase with a debit. A. True 30) Which of the following statements is TRUE of expenses? A) Expenses increase equity, so an expense account's normal balance is a credit balance. B) Expenses decrease equity, so an expense account's normal balance is a credit balance, C) Expenses increase equity, so an expense account's normal balance is a debit balance, D) Expenses decrease equity, so an expense account's normal balance is a debit balance. 3