Indicate Whether a Debit or Credit Entry Would Be Made

question 75

Essay

Indicate whether a debit or credit entry would be made to record the following changes in each account:
a.To decrease Cash.
b.To increase Common Stock.
c.To decrease Accounts Payable.
d.To increase Salaries Expense.
e.To decrease Supplies.
f.To increase Revenue.
g.To decrease Accounts Receivable.
h.To increase Retained Earnings.

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Definitions:

Gossip

Informal and often unverified conversation or reports about other people, typically involving details that are not confirmed as being true.

Cooperative

Pertaining to the willingness to act together with others for a common purpose or benefit.

Selfish

Concerned excessively or exclusively with oneself, often at the expense of others.

Crowded Street Corner

A specific location where a large number of people gather or pass, often leading to a congested space.