For Each Item Below, Indicate Whether a Debit or Credit $\quad$

question 171

Short Answer

For each item below, indicate whether a debit or credit applies. 1. Increase in Accounts Payable $\quad$$\quad$$\quad$$\quad$ _____
2. Increase in Accounts Receivable $\quad$$\quad$$\quad$ _____
3. Increase in Retained Earnings $\quad$$\quad$$\quad$$\quad$ _____
4. Decrease in Unearned Service Revenue $\quad$ _____
5. Decrease in Interest Payable $\quad$$\quad$$\quad$$\quad$$\quad$ _____

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Definitions:

Customers List

A compilation of information regarding a company's customers, including contact details, order history, and preferences, used for sales and customer service.

Add Job

The process of creating or setting up a new job or project within a software application or system.

Cash Sale

A transaction in which goods or services are paid for in full using cash at the time of the sale.

Customer Payment

A transaction where a customer completes payment for goods or services received from a business.