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For Each of the Following Accounts,identify Whether a Debit or Credit

question 196

Essay

For each of the following accounts,identify whether a debit or credit yields the indicated change
a. To increase Fees Earned  b. To decrease Cash  c. To decrease Unearned Revenue  d. To increase Accounts Receivable  e. To increase Common Stock  f. To decrease Notes Payable g. To increase Prepaid Rent  h.To increase Salaries Expense  i.To increase Accounts Payable j. To decrease Prepaid Insurance \begin{array} {| l | l| } \hline \text {a. To increase Fees Earned } & \quad\quad\quad\quad\quad\\\hline \text { b. To decrease Cash } & \\\hline \text { c. To decrease Unearned Revenue } & \\\hline \text { d. To increase Accounts Receivable } & \\\hline \text { e. To increase Common Stock } & \\\hline \text { f. To decrease Notes Payable } & \\\hline \text {g. To increase Prepaid Rent } & \\\hline \text { h.To increase Salaries Expense } & \\\hline \text { i.To increase Accounts Payable } & \\\hline \text {j. To decrease Prepaid Insurance } & \\\hline\end{array}


Definitions:

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of people in achieving specified goals and objectives.

Paying Employees

The process of compensating workers for their services, typically through salaries, wages, or other forms of payment.

State Wage-and-hour Laws

Laws enacted by individual states in the U.S. that govern minimum wage levels, overtime pay, and other aspects of employment hours and compensation.

Personnel Department

The department within a company responsible for the management of employee-related processes such as hiring, administration, and training.

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