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    Account Balances

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    Please complete these practice problems

    To increase the balance in the following accounts, would you debit the account or would you credit the account?

    a. Accounts Payable Debit Credit
    b. Cash Debit Credit
    c. Land Debit Credit
    d. Notes Payable Debit Credit
    e. Accounts Receivable Debit Credit
    f. Mary Smith, Capital Debit Credit
    g. Supplies Debit Credit
    h. Supplies Expense Debit Credit
    i. Prepaid Insurance Debit Credit
    j. Service Revenue Debit Credit
    k. Mary Smith, Drawing Debit Credit
    l. Equipment Debit Credit
    m. Unearned Revenue Debit Credit

    To decrease the balance in the following accounts, would you debit the account or would you credit the account?

    a. Accounts Payable Debit Credit
    b. Cash Debit Credit
    c. Land Debit Credit
    d. Notes Payable Debit Credit
    e. Accounts Receivable Debit Credit
    f. Mary Smith, Capital Debit Credit
    g. Supplies Debit Credit
    h. Supplies Expense Debit Credit
    i. Prepaid Insurance Debit Credit
    j. Service Revenue Debit Credit
    k. Mary Smith, Drawing Debit Credit
    l. Equipment Debit Credit
    m. Unearned Revenue Debit Credit

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    https://brainmass.com/business/accounting/account-balances-222164

    Solution Preview

    See the attached file for clarity.

    The debit or credit for increase or decrease works in the following ways
    Assets, Drawing (Contra Equity) and Expenses increase with debit and decrease with credit
    Liabilities, Equity and Revenue increase with credit and decrease with debit

    Using this we can make the table
    To increase the balance in the following accounts, would you debit ...

    Solution Summary

    The solution explains whether to debit or credit to increase the account balance.

    $2.19

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