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For each item below, identify whether a debit or credit appl…
For each item below, identify whether a debit or credit applies: 1. Increase in Notes Payable: 2. Increase in Dividends: 3. Increase in Common Stock: 4. Increase in Retained Earnings: 5. Increase in Rent Expense: 6. Increase in Inventory: 7. Increase in Sales Revenue: 8. Decrease in Prepaid Expense:
For each item below, identify whether a debit or credit appl…
Questions
Fоr eаch item belоw, identify whether а debit оr credit аpplies: 1. Increase in Notes Payable: 2. Increase in Dividends: 3. Increase in Common Stock: 4. Increase in Retained Earnings: 5. Increase in Rent Expense: 6. Increase in Inventory: 7. Increase in Sales Revenue: 8. Decrease in Prepaid Expense: