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Answer the following: 1) Increase in owners equity. 2) Increase rent expense. 3) Decrease accounts payable. 4) Increase unearned revenue. 5) Increase service revenue. 6)Decrease
Answer the following: 1) Increase in owners equity. 2) Increase rent expense. 3) Decrease accounts payable. 4) Increase unearned revenue. 5) Increase service revenue. 6)Decrease supplies. 7)Decrease cash. 8) Increase accounts receivable. 9) Increase drawings. 10) Increase mortgage payable. For each of the following accounts choose whether a debit ora credit increases or decreases the balance of the account as indicated. Answer "D" for debit or "C" for credit Example: Increase Equipment
Answer the following:
1) Increase in owners equity.
2) Increase rent expense.
3) Decrease accounts payable.
4) Increase unearned revenue.
5) Increase service revenue.
6)Decrease supplies.
7)Decrease cash.
8) Increase accounts receivable.
9) Increase drawings.
10) Increase mortgage payable.
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