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Identify Whether a Debit or Credit Would Be Correct for Each

Question 134

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Identify whether a debit or credit would be correct for each of the following account changes

Premises:
Decrease Accounts Payable
Increase Service Fees
Decrease Cash
Increase Rent Expense
Decrease Accounts Receivable
Increase Salaries Expense
Increase Delivery Van
Increase S.McCrae,Withdrawals
Decrease Equipment
Increase S.McCrae,Capital
Responses:
Dr.(debit)
Cr.(credit)

Correct Answer:

Decrease Accounts Payable
Increase Service Fees
Decrease Cash
Increase Rent Expense
Decrease Accounts Receivable
Increase Salaries Expense
Increase Delivery Van
Increase S.McCrae,Withdrawals
Decrease Equipment
Increase S.McCrae,Capital
Related Questions

Q124: _ 1.Computer
A)Dr.(debit)
B)Cr.(credit)

Q125: _ 2.M.Bryant,Withdrawals
A)Dr.(debit)
B)Cr.(credit)

Q126: _ 3.M.Bryant,Capital
A)Dr.(debit)
B)Cr.(credit)

Q127: _ 4.Legal Fees
A)Dr.(debit)
B)Cr.(credit)

Q128: _ 5.Cash
A)Dr.(debit)
B)Cr.(credit)

Q129: _ 6.Accounts Receivable
A)Dr.(debit)
B)Cr.(credit)

Q130: _ 7.Accounts Payable
A)Dr.(debit)
B)Cr.(credit)

Q131: _ 8.Rent Expense
A)Dr.(debit)
B)Cr.(credit)

Q132: _ 9.Office Equipment
A)Dr.(debit)
B)Cr.(credit)

Q133: _ 10.Supplies
A)Dr.(debit)
B)Cr.(credit)

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