Identify whether a debit or credit yields the indicated chan

Identify whether a debit or credit yields the indicated change for each of the following accounts. ebit redit c. To increase Fees Earned (Revenues) Debit Credit ebit Credit a. To increase Land b. To decrease Cash d. To increase Office Expense e. To decrease Unearned Revenue To decrease Prepaid Rent g. To increase Notes Payable Credit h. To decrease Accounts Receivable Credit i. To increase Common Stock j To increase Store Equipment Credit ebit 0 Type here to search De

Solution

a.To increase land- debit

b.To decrease cash- credit

c.To increase fees earned (Revenues) - credit

d.To increase office expense- debit

e.To decrease unearned revenue- debit

f.To decrease prepaid rent- credit

g.To increase notes payable- credit

h.To decrease accounts receivable- credit

i.To increase common stock- credit

j.To increase store equipment- debit