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For the following accounts, indicate whether a debit or credit will increase the account, or if neighter debit or credit would increase the account. Income
For the following accounts, indicate whether a debit or credit will increase the account, or if neighter debit or credit would increase the account. Income tax expense Supplies expense Cash Equipment Bond payable Accounts receivable Accounts payable Prepaid expense Common shares 1. A debit entry increases the account 2. A credit entry increases the account 3. Neither a debit nor a credit entry increase the account Service revenue For the following accounts, indicate whether a debit or credit will increase the account, or if neighter debit or credit would increase the account. Income tax expense Supplies expense Cash Equipment Bond payable Accounts receivable Accounts payable Prepaid expense Common shares 1. A debit entry increases the account 2. A credit entry increases the account 3. Neither a debit nor a credit entry increase the account Service revenue
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