3. Use the following descriptive phrases classify the account as an asset (A), liability (), stockholders' equity (SE), revenue (R), or expense (E). a Amount due to creditor for merchandise purchased b. Coins and currency c. Computer equipment purchased to be used in the business d. A declared amount to be paid to stockholders resulting from profits e. Fee revenues recorded for f Amount due to bank for loan to purchase building g. Stationery, pencils, etc., purchased but not yet used h. Stationery, pencils, etc., that have been consumed (used) j. An insurance premium paid covering the next two years j. Representation of common stockholders' investments in a business to determine the account name that would be used for each. In addition, of legal services 4. For each item below, indicate whether a debit or a credit applies. a. Increase in Accounts Payable b. Decrease in Land c. Decrease in Retained Earnings d. Increase in Unearned Revenue e. Decrease in Interest Payable f Increase in Prepaid Insurance g Increase in Wages Expense h Decrease in Office Supplies ? Increase in Advertising Fees Earned