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Debit and Credit Analysis Complete the following statements using either debit or credit: a . The asset account Prepaid Insurance is increased with a b
Debit and Credit Analysis
Complete the following statements using either "debit" or "credit":
a The asset account Prepaid Insurance is increased with a
b The owner's drawing account is increased with a
c The asset account Accounts Receivable is decreased with a
d The liability account Accounts Payable is decreased with a
e The owner's capital account is increased with a
f The revenue account Professional Fees is increased with a
g The expense account Repair Expense is increased with a
h The asset account Cash is decreased with a
i The asset account Delivery Equipment is decreased with a
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