mework 5: Ch20 Saved Indicate whether a debit will increase (1) or decrease (D) each of...

Question

Question

business accounting

Answer 1

Answer #1

1) Inventory- I

2) Depreciation- I

3) Accounts payable-D

4) Prepaid Rent- I

5) Sales revenue- D

6) Common stock- D

7) Salaries Payable- D

8) Cost of goods sold- I

9) Utilities expense- I

10) Equipment- I

11) Account receivable-I

12) Utilities payable- D

13) Rent expense-I

14) Interest expense- I

15) Interest revenue- D

Answer 2

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