Indicate whether each of the following would be treated as a debit or a credit in a
Question:
Indicate whether each of the following would be treated as a debit or a credit in a journal entry.
a. Increase in land.
b. Increase in bank loan.
c. Decrease in inventory.
d. Increase in revenues.
e. Increase in cost of goods sold.
f. Decrease in retained earnings.
g. Decrease in rent expense.
h. Decrease in accrued liabilities.
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