Indicate Whether Each of the Following Changes in Accounts Would

question 15

Essay

Indicate whether each of the following changes in accounts would be a debit (D) or credit (C) entry.
___To decrease Cash
___To increase Owner, Capital
___To decrease Accounts Payable
___To increase Salaries Expense
___To decrease Equipment
___To increase Revenue
___To decrease Accounts Receivable
___To increase Owner, Drawing
___To increase Prepaid Insurance
___To increase Accounts Payable

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Definitions:

Reflective Judgment

A critical thinking process in which individuals consider various perspectives and evidence before reaching a conclusion.

Strong Critical Thinkers

Individuals who excel in the systematic evaluation of arguments and information to make rational decisions and solve problems efficiently.

Reasoning

The mental process of generating conclusions, judgments, or inferences from facts or premises.

Values

Fundamental beliefs or principles that guide behavior and decision-making.