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[DOC File]UIL ACCOUNTING
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For each item below, indicate whether a debit or a credit applies. a. Decrease in Accounts Payable. b. Decrease in Land. c. Increase in Retained Earnings. d. Increase in Unearned Revenue. e. Decrease in Interest Payable. f. Increase in Prepaid Insurance. g. Increase in Wages Expense. h. Decrease in Art Supplies. i. Increase in Advertising Fees ...
are expenses debits or credit

[DOCX File]Table of Contents
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On your answer sheet, write DR for debit or CR for credit. 1. increase Purchases 2. decrease Prepaid Insurance 3. increase the owner’s drawing account 4. decrease Merchandise Inventory. 5. increase Purchases Discounts. 6. decrease Accounts Receivable. 7. increase Rent Expense…
what is a debit and credit

Houston Community College
The account “Salaries Expense” began with a zero balance and then had the following changes: increase of $450, decrease of $175, increase of $600, and an increase of $350. What is the final balance of the “Salaries Expense” account, and is it a debit or credit?
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Is Expense a Debit or a Credit? | Bizfluent
The usual entry for an expense. Debit Credit. 12. Will increase a liability account. Debit Credit. 13. An entry on the left side of an account. Debit Credit. 14. A revenue account's normal balance. Debit Credit. 15. The expected balance in Allowance for Doubtful Accounts. Debit Credit. 16. The balance you would expect in Unearned Revenues.
is income a debit or credit

[DOC File]Chapter 3
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139. Which of the following is the appropriate journal entry if a company hires a new employee? A. Debit to Cash, Credit to Revenue B. No entry should be made C. Debit to Wages Expense, Credit to Cash D. Debit to Cash, Credit to Wages Expense E. Debit to Wages Payable, Credit to Wages Expense 140.
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[DOC File]FA Chapter 2 SM
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21. The normal balances are Cash debit, Accounts Payable credit, and Interest Expense debit. SOLUTIONS TO BRIEF EXERCISES. BRIEF EXERCISE 2-1 (a) Debit. Effect (b) Credit. Effect (c) Normal. Balance 1. Accounts Payable Decrease Increase Credit 2. Advertising Expense Increase Decrease Debit 3. Service Revenue Decrease Increase Credit 4.
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[DOC File]QS 2-3 Indicate whether a debit or credit decreases the ...
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When revenue is increased or decreased, a corresponding adjustment must be made to expense. When you increase revenue and expense in one account you must decrease revenue and expense in another account. ... tab. An Accounting Line (Debit & Credit) will have two General Ledger Pending Entries. If you also moved revenue (object code 0221) then an ...
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[DOC File]DEBITS & CREDITS
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Type of Increase Normal Account Account (Dr. or Cr.) Balance a. Accounts Payable liability credit credit b. Postage Expense expense debit debit c. Prepaid Insurance asset debit debit d. Land asset debit debit e. Common Stock equity credit credit f. Accounts Receivable asset debit debit g. Dividends equity debit debit h.
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[DOC File]CHAPTER 2
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May 08, 2009 · Identify whether a debit or credit yields the indicated change for each of the following accounts: To increase store equipment - Debit. To increase owner withdrawals - Debit. To decrease cash- Credit. To increase utilities expense - Debit. To increase fees earned - Credit. To decrease unearned revenue - Debit. To decrease prepaid insurance ...
are expenses debits or credit

[DOCX File]06158300 - JustAnswer
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1996 1995 Increase in merchandise inventories $293,465 $269,727 Increase in accounts payable 278,515 106,920 % of increase in inventory financed by accounts payable 95% 40% While only about 40% of the increase in inventory was financed through supplier credit in 1995, almost the entire growth in inventory was financed by the suppliers during 1996.
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Expense increase debit or credit