Answered step by step
Verified Expert Solution
Question
1 Approved Answer
when there is a decrease will the following be recorded as debit or credit : -Cost of goods sold -Notes payable -prepaid expense -Dividends -Revenue
when there is a decrease will the following be recorded as debit or credit :
-Cost of goods sold
-Notes payable
-prepaid expense
-Dividends
-Revenue
-Depreciation expense
-Unearned(deffered revenue)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started