Question

In: Accounting

DEBIT AND CREDIT ANALYSIS: Complete the following statements using either “debit” or “Credit” The cash account...

DEBIT AND CREDIT ANALYSIS:

Complete the following statements using either “debit” or “Credit”

  1. The cash account is increased with a                                                 ___________Debit________
  2. The common stock account is increased with a                                   ____________Credit________
  3. The equipment account is increased with a                                            ____________________
  4. The cash account is decreased with a                                                 ____________________
  5. The accounts payable account is increased with a                    ___________Credit_________
  6. The revenue account Delivery Fees is increased with a                               ____________________
  7. The asset account Accounts Receivable is increased with a                ____________________
  8. The rent expense account is increased with a                                            ____________________
  9. The dividends are declared the retained earnings account is               ____________________

Solutions

Expert Solution

a. Debit.

b. Credit.

c. Debit.

d. Credit.

e. Credit.

f. Debit.

g. Debit.

h. Debit.

i. Debited.

ekkarill92 answered 2 years ago
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