1. place a check mark in the appropriate column to show whether the event is recorded...
1. place a check mark in the appropriate column to show whether the event is recorded as a debit or credit.
a. Decrease in cash
b. increase in accounts receivable
c. increase in service revenue
d. increase in rent expense
e. decrease in salary payable
f. increase in accounts payable
g. decrease in note payable
h. increase in common stock
i. increase in dividends
Homework Answers
Answer -
| Particulars | Debit | Credit |
| Decrease in cash | ✓ | |
| Increases in account receivable | ✓ | |
| increase in service revenue | ✓ | |
| increase in rent expense | ✓ | |
| decrease in salary payable | ✓ | |
| increase in accounts payable | ✓ | |
| decrease in note payable | ✓ | |
| increase in common stock | ✓ | |
| increase in dividends | ✓ |
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