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What would be the following accounts' usual balance? 1. Prepaid rent 2. Dividends Question 20Answer a. 1. Debit 2. Debit b. 1. Credit 2. Credit
What would be the following accounts' usual balance? 1. Prepaid rent 2. Dividends Question 20Answer a. 1. Debit 2. Debit b. 1. Credit 2. Credit c. 1. Credit 2. Debit d. 1. Debit 2. CreditIf last year LSUS's liabilities increased by 20,000, and their asset increased by 40,000. What would be true about their stock holder's equity? Question 21Answer a. decreased by 20,000 b. increased by 40,000 c. increased by 20,000 d. increased by 60,000
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