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ACCT 382 - Week 2 - Chapter 2 Homework - Question 4

ACCT 382 - Week 2 - Chapter 2 Homework - Question 4
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ACCT 382 - Week 2 - Chapter 2 Homework - Question 4

Question 4

Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in items 1 through 16:

Increase (I) or Decrease (D)

Account

1.

 

Inventory

2.

 

Depreciation expense

3.

 

Accounts payable

4.

 

Prepaid rent

5.

 

Sales revenue

6.

 

Common stock

7.

 

Wages payable

8.

 

Cost of goods sold

9.

 

Utility expense

10.

 

Equipment

11.

 

Accounts receivable

12.

 

Utilities payable

13.

 

Rent expense

14.

 

Interest expense

15.

 

Interest revenue

16.

 

Gain on sale of equipment