accounting, correction

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
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

  1. 👍 0
  2. 👎 0
  3. 👁 202

Respond to this Question

First Name

Your Response

Similar Questions

  1. Accounting - Please check me

    Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Office Supplies- debit Repair Service Revenue- debit Interest Payable- debit Accounts Receivable- creditSalaries Expense- debit

  2. accounting

    Identify whether a debit or credit yields the indicated change for each of the following accounts: a. To increase Store Equipment f. To decrease Unearned Revenue b. To increase Owner Withdrawals g. To decrease Prepaid Insurance c.

  3. accounting

    After the closing entries are posted to the ledger, each revenue account will have a zero balance: a. a zero balance, b. a debit balance, c. a credit balance, or d. either a debit or a credit balance.

  4. Math

    You and a friend go to the movies and split the cost of the movie tickets and snacks. You pay the bill. You tell your friend he owes only $9 because you owed him $4 from the last time you went to the movies. How much was the total

  1. business

    A petty cash fund of $100 is replenished when the fund contains $3 in cash and receipts for $93. The entry to replenish the fund would debit Cash Over and Short for $4. credit Miscellaneous Revenue for $4. credit Cash Over and

  2. statistics

    3 In 1999, a sample of 200 in-store shoppers showed that 42 paid by debit card. In 2004, a sample of the same size showed that 62 paid by debit card. (a) Formulate appropriate hypotheses to test whether the percentage of debit

  3. Accounting

    The accounts payable account is a/an _______, and it has a normal ________ balance. A. revenue; debit B. expense; credit C. liability; debit D. liability; credit I think the answer is D.

  4. Accounting 2301

    For Capital, the category of account and its normal balance are: A. Assests and a debit balance B. Liabilities and a credit blance C. Owner's Equity and a credit balance D. Owner's equity and a debit balance

  1. Accounts

    On a worksheet, the adjusted balance of the Depreciation Expense account is extended to the __________ column. (Points: 5) Income Statement Debit Income Statement Credit Balance Sheet Debit Balance Sheet Credit I dnt understand

  2. Physics(Urgent)

    Using Planck's constant as h=6.63 E-34 J*s, what is the wavelength of a proton with a speed of 5.00 E6 m/s? The mass of the proton is 1.66 E-27 kg. Remember to identify your data, show your work, and report the answer using the

  3. Accounting

    Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the receipt of interest on the next

  4. accounting

    Which of the following statements is incorrect? a. The normal balance of accounts receivable is a debit. b. The normal balance of an expense account is a credit. c. The normal balance of the owner's capital account is a credit. d.

You can view more similar questions or ask a new question.