Part III: Using Debits and Credits Under a double entry system, show whether a debit or credit is required by placing an X in the appropriate column Note: You may need to click on the Debit side and then space over to enter X on the Credit Side Debit Credit 1. Increase in Service Revenue 2. Decrease in Accounts Payable 3. Increase in Insurance Expense 4. Increase in Common Stock 5. Decrease in Salaries Payable 6. Increase in Dividends Increase in Retained Earnings 7. 8. Decrease in Accounts Receivable 9. Increase in Rent Expense