Increases and Decreases in Various Types of Accounts Are Listed

question 192

Essay

Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr." (a) whether the change in the account would be recorded as a debit or a credit and (b) whether the normal balance of the account is a debit or a credit.

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Definitions:

Automobiles

Automobiles are motor vehicles with wheels designed primarily for the transportation of people rather than goods.

Regression Equation

A mathematical equation that allows prediction of one behavior when the score on another variable is known.

Predict

To declare or indicate a likely occurrence or outcome in the future based on current knowledge or analysis.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.