For Each of the Following Accounts, Identify Whether a Debit

question 172

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 Owner, Capital
f. To decrease Notes Payable
g. To increase Prepaid Rent
h. To increase Salaries Expense
i. To increase Accounts Payable
j. To decrease Prepaid Inswranee

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Definitions:

Assumptions

Beliefs or ideas accepted as true without proof.

Hunches

are intuitions or feelings that guide one's decisions or beliefs without concrete evidence.

Gut-Level Communication

Gut-Level Communication refers to honest, direct communication that comes from deep personal feelings or instinctual reactions.

Genuine Self-Disclosure

The process of openly and honestly sharing one's true thoughts, feelings, and experiences with others, facilitating deeper connections and understanding.