State the Decrease Side (Debit or Credit)for Each of the Following

question 147

Essay

State the decrease side (debit or credit)for each of the following accounts.
a.Prepaid Expenses
b.Contributed Capital
c.Buildings
d.Unearned Revenue
e.Dividends
f.Notes Receivable
g.Interest Payable
h.Sales Revenue
i.Cost of Sales

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Definitions:

Routine Requests

Commonplace or regularly occurring solicitations or inquiries.

Specific Action

A particular or well-defined behavior or task that is directed toward the completion of a goal.

Third Party

An entity involved in a transaction or situation that is neither the primary nor the secondary involved parties.

Assign The Blame

The act of determining responsibility for a mistake or wrongdoing, typically involving the identification of the person or entity at fault.