Liability accounts increase with a debit and decrease with a credit.
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Q107: Expenses have the effect of decreasing retained
Q108: Liability accounts increase with a credit and
Q109: Purchasing supplies on account increases the balance
Q110: Paying for one year of rent in
Q111: Purchasing office supplies on account causes assets
Q113: Providing services to customers on account causes
Q114: Revenues have the effect of increasing retained
Q115: Selling common stock for cash causes assets
Q116: Paying dividends to its stockholders causes a
Q117: If a transaction causes total assets of
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