Tuesday
July 22, 2014

Homework Help: accounting, correction

Posted by student acc on Thursday, November 1, 2007 at 10:46pm.

Can someone correct these for me thanks I'll appreciate it very much....

Identify whether a debit or credit yields the indicated change for each of the following accounts:
a. To increase Store Equipment
My answer: Debit
b. To increase Owner Withdrawals
My answer: Credit
c. To decrease Cash
My answer:Debit
d. To increase Utilities Expense
Credit
e. To increase Fees Earned
My answer: Debit
f. To decrease Unearned Revenue
My answer: Debit
g. To decrease Prepaid Insurance
My answer: Credit
h. To increase Notes Payable
My answer: Credit
i. To decrease Accounts Receivable
My answer:Credit
j. To increase Owner Capital
My answer: Credit

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