Question

Identify whether a debit or credit results in the indicated change for each of the following accounts.

Answer 1

a) To increase Land - Debit

b) To decrease Cash - Credit

c) To increase Fees Earned(revenues) - Credit

d) To increase Office Expense - Debit

e) To decrease Unearned Revenue - Debit

f) To decrease Prepaid Rent - Credit

g) To increase Notes Payable - Credit

h) To decrease Accounts Receivable - Credit

i) To increase Common Stock - Credit

j) To increase Store Equipment - Debit