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Identify whether a debit or credit would be correct for each of the following account changes. Use a Dr. (debit) or Cr. (credit) in the space provided.
________ 1. Increase Delivery Van
________ 2. Decrease Accounts Receivable
________ 3. Decrease Accounts Payable
________ 4. Increase Salaries Expense
________ 5. Increase Service Fees
________ 6. Decrease Cash
________ 7. Increase S. McCrae, Capital
________ 8. Increase S. McCrae, Withdrawals
________ 9. Increase Rent Expense
________ 10. Decrease Equipment
Constant Dividend
A policy in which a firm aims to pay out a fixed dividend amount to shareholders regularly.
Constant Dividend
A Constant Dividend refers to a fixed amount of money paid out to shareholders of a corporation's profits on a regular basis.
Market Rate
The prevailing interest rate or price available in the marketplace for goods, services, or securities.
Annual Dividend
The total amount of dividends a company pays out to its shareholders in one year.
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