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You are required to apply the correct debit/ credit. rules for the following accounts: 1. Increase in account payable 2. Decrease in inventory 3. Increase
You are required to apply the correct debit/ credit. rules for the following accounts:
1. Increase in account payable
2. Decrease in inventory
3. Increase in account receivables
4. Increase in prepaid insurance
5. increase in unearned revenue
6. increase in cost of sales
7. increase in sales revenue
8. increase in retained earnings
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