Matching
Indicate whether each of the following changes in accounts would be a:
Premises:
To decrease Cash
To increase Owner, Capital
To decrease Accounts Payable
To increase Salaries Expense
To decrease Equipment
To increase Revenue
To decrease Accounts Receivable
To increase Owner, Drawing
To increase Prepaid Insurance
To increase Accounts Payable
Responses:
debit entry
credit entry
Correct Answer:
Premises:
Responses:
To decrease Cash
To increase Owner, Capital
To decrease Accounts Payable
To increase Salaries Expense
To decrease Equipment
To increase Revenue
To decrease Accounts Receivable
To increase Owner, Drawing
To increase Prepaid Insurance
To increase Accounts Payable
Premises:
To decrease Cash
To increase Owner, Capital
To decrease Accounts Payable
To increase Salaries Expense
To decrease Equipment
To increase Revenue
To decrease Accounts Receivable
To increase Owner, Drawing
To increase Prepaid Insurance
To increase Accounts Payable
Responses:
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