Genius

For each item below, indicate whether a debit or a credit applies

For each item below, indicate whether a debit or a credit applies



1.	Discuss the difference between business events that are transactions and those that are not. Why is the distinction important?


	2.	For each item below, indicate whether a debit or a credit applies.

a. Decrease in Accounts Payable
b. Decrease in Land
c. Increase in Owner's Capital
d. Increase in Unearned Revenue
e. Decrease in Interest Payable
f.  Increase in Prepaid Insurance
g. Increase in Wages Expense
h. Decrease in Art Supplies
i.  Increase in Advertising Fees Earned



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29 Apr 2016

Answers (1)

  1. Genius

    For each item below, indicate whether a debit or a credit applies

    For each item below, indicate whether a debit or a credit applies For each item ****** ******
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