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Fill in the blank 1. Asset accounts typically have _________ __________. 2. ____________ and ___________ ___________ accounts typically have credit balances. 3. An increase in

Fill in the blank
1. Asset accounts typically have _________ __________.
2. ____________ and ___________ ___________ accounts typically have credit balances.
3. An increase in an asset is created by a _________ entry.
4. A decrease in an asset is created by a __________ entry.
5. An ____________ in a liability or owners equity account is created by a _________ entry.
6. An ____________ in a liability or owners equity account is created by a _________ entry.
7. A _________ entry increases an asset account or decreases a liability or owners equity account.
8. A _________ entry increases a liability or owners equity account or decreases an asset account.

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