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For each account shown below, determine if posting a credit to the account would result in an increase or a decrease to the account balance.
For each account shown below, determine if posting a credit to the account would result in an increase or a decrease to the account balance. Select your answer by clicking in the drop down box to the right of each account.
Group of answer choices
cost of goods sold
[ Choose ] increase decrease
notes payable
[ Choose ] increase decrease
gain on sale of building
[ Choose ] increase decrease
prepaid rent
[ Choose ] increase decrease
common stock
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