Which of the Following Accounts Is Decreased With a Debit

All of the following accounts have normal debit balances except. Answered Jul 28 2018 by miggymiggy19.

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Which of the following accounts is decreased by a debit.

. B No related questions found. A An asset is increased by a debit and decreased by a credit. B Dividends are decreased by debits and increased by credits.

Debit _Credit_ Normal Balance a. See answer 1 Best Answer. Prepaid Expenses are decreased with a debit.

Notes payable 45. Which of the following accounts is decreased with a debit. What group of accounts normally has a credit balance.

A Accounts Receivable B Notes Payable C Cash D Rent Expense. Which of the following is decreased with a debit. B No related questions found.

Assets Cash Accounts receivable Inventory Land Equipment etc Expenses Rent Expense Wages Expense Interest Expense etc Losses Loss on the sale of assets Loss from a lawsuit etc Sole proprietors Drawing account. Current assets 400. Asked Sep 13 2019 in Business by Jenny.

Long-term debt 455. Your business purchased office supplies of 2500 on account. Select all that apply.

An expense is increased by a credit. Liabilities Notes Payable Accounts Payable Interest Payable etc. Common stock and Accounts.

The correct answers are SALES REVENUE and DEFERRED REVENUE. Liabilities and Owners Equity. Increase Decrease.

Interest Expense Interest Expense is an expense account as part of owners equity and therefore increases with a debit and decreases with a credit. Answered Sep 13 2019 by Yarrabean. 2 Accumulated Depreciation account which records decreases in a companys fixed assets due to wear and.

Which of the following statements regarding accounts is TRUE. A Sales Revenue b Rent Expense c Deferred Revenue d Interest Expense e Prepaid Rent Quiz Q1 FA Mod 2 a Sales Revenue is a revenue account as part of owners equity and therefore increases with a credit and decreases with a debit. Which of the following accounts decreases with a debit.

Given the following information. Accounts decreased by debits A debit will decrease the following types of accounts. The two-column record used to accumulate increases and decreases for individual assets liabilities equity revenue expense and dividends items is a.

For each of the following accounts indicate the effect of a debit or a credit on the account and the normal balance Debit or Credit. Accounts payable 100. A debit increases the balance in all of the following accounts except for which one.

Select all that apply. Which of the following accounts decreases with a debit. Is this statement True or False.

Debit Cash 10000 credit Deferred Revenue 10000. Which of the following accounts would be decreased with a debit. Prepaid Rent Prepaid Rent is an asset account and therefore increases with a debit and decreases with a credit.

ACash bLand cAccounts Receivable dNotes Payable. A Accounts Receivable B Notes Payable C Cash D Rent Expense. Accounts Payable is increased with a credit.

Suppose that current. Debit Deferred Revenue 10000 credit Cash 10000. Debit Cash 10000 credit Service Revenue 10000.

B No related questions found. Tax rate 34. Which of the following accounts decreases with a debit.

Asked Sep 22 2015 in Business by Sonya. A few of these include the following. Rent Expense is increased with a credit.

Answered Sep 22 2015 by Jen66. Which of the following describes how the transaction should be recorded on July 7. 1 Cash account which is used to record increases in cash from business and investment activities.

Unearned Revenue is increased with a debit. Fixed assets 500. Debit Accounts Receivable 10000 credit Service Revenue 10000.

C A liability is increased by a debit and decreased by a credit. Asked Jul 28 2018 in Business by Stasha. D Revenue is increased by a debit.

Which pair of accounts has the same set of rules for debit and credit entries. There are many accounts that can be debited to record an increase in assets liabilities or equity. Salaries and Wages Expense.

_____ _____ _____ b.

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