Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Are these accounts debit or credit when increased on a balance sheet? Accounts Payable Accounts Receivable Accumulated Depreciation Capital Stock Cash Cost of Goods Sold

Are these accounts debit or credit when increased on a balance sheet?

Accounts Payable

Accounts Receivable

Accumulated Depreciation

Capital Stock

Cash

Cost of Goods Sold

Depreciation Expense

Dividends

Freight In

Furniture & Fixtures

Interest Expense

Interest Revenue

Merchandise Inventory

Notes Payable: Long Term

Notes Receivable: Current

Prepaid Rent

Rent Expense

Retained Earnings

Salary Expense

Sales Discounts

Sales Returns & Allowance

Sales Revenue

Supplies

Supplies Expense

Unearned Revenue

Utilities Expense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An Integrated Approach

Authors: Michael Gibbins

6th Edition

0176407251, 978-0176407254

More Books

Students also viewed these Accounting questions