Which of the following accounts is decreased with a debit?
A) Rent Expense
B) Retained Earnings
C) Equipment
D) Accounts Receivable
Correct Answer:
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Q16: An entry to the left side of
Q17: The purchase of supplies on account
A) Increases
Q18: If a company paid off a loan,
Q19: If a company purchased equipment for cash,
Q20: Borrowing money from a bank
A) Increases assets
Q22: When accounts receivable are collected,
A) Total assets
Q23: When a note payable is given to
Q24: The supplies expense account
A) Normally has a
Q25: Revenue accounts are
A) Increased with debit entries
B)
Q26: An entry to the right side of
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