The following accounts are from Craig's Design and Landscaping Services Chart of Accounts. For each account indicate: If the account is increased by a: Debit Credit Type of account as: Asset Liability Equity Revenue (Income) Expense Page 184 Account Debit/Credit Account Type 1. Design Income 2. Savings 3. Accounts Receivable (A/R) 4. Rent or Lease 5. Prepaid Expenses 6. Notes Payable 7. Inventory Asset 6. Notes Payable 7. Inventory Asset 8. Opening Balance Equity 9. Utilities 10. Undeposited Funds 11. Accounts Payable (A/P) 12. MasterCard 13. Visa 14. Loan Payable 15. Sales of Product Income 16. Legal and Professional Fees 17. Advertising 18. Meals and Entertainment 19. Retained Earnings 20. Checking 21. Landscaping Services 22. Pest Control Services 23. Cost of Goods Sold 24. Automobile: Fuel 25. Bank Charges 26. Interest Earned