Indicate Whether a Debit or Credit Entry Would Be Made

question 75

Essay

Indicate whether a debit or credit entry would be made to record the following changes in each account:
a.To decrease Cash.
b.To increase Common Stock.
c.To decrease Accounts Payable.
d.To increase Salaries Expense.
e.To decrease Supplies.
f.To increase Revenue.
g.To decrease Accounts Receivable.
h.To increase Retained Earnings.

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Definitions:

South Carolina

A state in the southeastern United States, known for its shorelines, subtropical beaches, and historical significance in the American Civil War.

Gold Coast

A region on the Gulf of Guinea in West Africa known for its gold exports; also the name of a historic British colony that became Ghana.

Slave Trade

The historical capturing, selling, and buying of human beings for the purpose of forced and unpaid labor, particularly prevalent across the Atlantic from the 16th to the 19th centuries.

Polygyny

Refers to a form of polygamy where a man is allowed to have more than one wife at the same time.