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IV-Activity/Introduction/Information/Directions Indicate in each independent case whether the account is to be debited (DR) or to be credited (CR) 1. Increase in Accounts Payable
IV-Activity/Introduction/Information/Directions Indicate in each independent case whether the account is to be debited (DR) or to be credited (CR) 1. Increase in Accounts Payable 2. Decrease in Capital account 3. Increase in Service Revenue 4. Increase in Cash 5. Decrease in Accounts Receivable 6. Increase in Salaries Expense 7. Increase in Office Equipment 8. Increase in unpaid Salaries 9. Increase in Owner's drawing account 10. Increase in Interest Income Fill up the missing amount for each. 1. Asset = 120,000 Liabilities = 15,000 Equity = ? 2. Asset = ? Liabilities = 18,250 Equity = 98,360 3. Asset 1,000,000 Liabilities = 370,000 Equity = ? 4. Asset = 780,508 Liabilities =? Equity = 619,000 I
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