PREPAID EXPENSE is a(an) asset and is increased with a Fill in the blanks with the appropriate response. For the first blank, choose between: Asset, Liability, Equity, Revenue or Expense (choose the most specific) For the second blank, choose between Debit or Credit (the abbreviation will be fine as well) Question 3 2 pt Loan Payable is alan) liability and is increased with a credit Fill in the blanks with the appropriate response. For the first blank, choose between: Asset, Liability, Equity, Revenue or Expense (choose the most specific) For the second blank, choose between Debit or Credit (the abbreviation will be fine as well) 2 pi Question 4 Accounts Receivable is a(an) asset and is increased with a credit Fill in the blanks with the appropriate response. For the first blank, choose between: Asset, Liability, Equity, Revenue or Expense (choose the most specific) For the second blank, choose between Debit or Credit (the abbreviation will be fine as well) 2 pts LAND is a (an) asset and is increased with a debit Fill in the blanks with the appropriate response. For the first blank, choose between: Asset, Liability, Equity, Revenue or Expense (choose the most specific) For the second blank, choose between Debit or Credit (the abbreviation will be fine as well) 2 p Common Stock is alan) equity and is increased with a Fill in the blanks with the appropriate response. For the first blank, choose between: Asset, Liability, Equity, Revenue or Expense (choose the most specific) For the second blank, choose between Debit or Credit (the abbreviation will be fine as well) 1 nt- Which Financial Statement is dated "for the period ending...?" O Chart of Accounts O All of these are correct O Balance Sheet Income Statement 1 Question 8 1p