ACC 201 TEXT HW CH13a EX13-1B Complete the following table by indicating whether a debit or credit is used to increase or decrease the balance of the following accounts. The appropriate debit/credit terminology has been identified for the first account as an example. Account Titles Insurance Expense Rent Expense Prepaid Rent Interest Revenue Accounts Receivable Accounts payable Common Stock Land Unearned Revenue Service Revenue Retained Earning Used to Increase This Account credit credit Used to Decrease This Account debit debit

ACC 201 TEXT HW CH13a EX13-1B Complete the following table by indicating whether a debit or credit is used to increase or decrease the balance of the following accounts. The appropriate debit/credit terminology has been identified for the first account as an example. Account Titles Insurance Expense Rent Expense Prepaid Rent Interest Revenue Accounts Receivable Accounts payable Common Stock Land Unearned Revenue Service Revenue Retained Earning Used to Increase This Account credit credit Used to Decrease This Account debit debit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 9EB: Identify whether each of the following transactions would be recorded with a debit (Dr) or credit...

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Date General Account Titles and Explanations Ref. Debit Credit
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