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Debit or Credit? On each question. Debit Credit 1 Supplies Increased 2 Interest payable Decreased 3 Electric Expense Increased 4 Taxes Payable Decreased 5 Depreciation
Debit or Credit? On each question.
Debit | Credit | |||
1 | Supplies | Increased | ||
2 | Interest payable | Decreased | ||
3 | Electric Expense | Increased | ||
4 | Taxes Payable | Decreased | ||
5 | Depreciation Expense | Increased | ||
6 | Salaries Payable | Decreased | ||
7 | Bad Debt Expense | Increased | ||
8 | Dividends Payable | Decreased | ||
9 | Investments | Increased | ||
10 | Interest Revenue | Decreased | ||
11 | Automobile | Increased | ||
12 | Prepaid Subscriptions | Decreased | ||
13 | Drawing | Increased | ||
14 | Accounts Payable | Decreased | ||
15 | Building | Increased |
|
Name: | ||||
Debit | Credit | |||
1 | Cash | Decreased | ||
2 | Trademarks | Increased | ||
3 | Mortgage Payable | Decreased | ||
4 | Supplies Expense | Increased | ||
5 | Computer Equipment | Decreased | ||
6 | Unearned Revenue | Increased | ||
7 | Rent Expense | Decreased | ||
8 | Copyrights | Increased | ||
9 | Service Revenue | Decreased | ||
10 | Prepaid Rent | Increased | ||
11 | Notes Payable | Decreased | ||
12 | Interest Expense | Increased | ||
13 | Goodwill | Decreased | ||
14 | Rent Revenue | Increased | ||
15 | Capital | Decreased |
|
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