Eight transactions are recorded in the following T-accounts: Indicate for each debit and each credit: (a) whether an asset, liability, capital, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or (-) decreased.

Question

Eight transactions are recorded in the following T-accounts:   Indicate for each debit and each credit: (a) whether an asset, liability, capital, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or (-) decreased.

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The Answer of Eight transactions are recorded in the following T-accounts:   Indicate for each debit and each credit: (a) whether an asset, liability, capital, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or (-) decreased.

Eight Transactions Are Recorded in the Following T-Accounts