1. For each item below, indicate whether a debit or credit is appropriate by ent

ID: 2506208 • Letter: 1

Question

For each item below, indicate whether a debit or credit is appropriate by entering the number corresponding to your answer in the box provided.

                                                                                                                                                                                      a decrease to accounts payable
                                                                                                                                                                                      an increase to inventory
                                                                                                                                                                                      an increase to cost of goods sold
                                                                                                                                                                                      a decrease to cash
                                                                                                                                                                                      an increase to sales revenue
                                                                                                                                                                                      an increase to retained earnings
                                                                                                                                                  1.                                                                                                                                                                                       debit                                                                                                                                                                                   2.                                                                                                                                                                                       credit

Explanation / Answer

For each item below, indicate whether a debit or credit is appropriate by entering the number corresponding to your answer in the box provided.

a decrease to accounts payable ----------Debit
an increase to inventory---------------------Debit
an increase to cost of goods sold--------Debit
a decrease to cash---------------------------Credit
an increase to sales revenue--------------Credit
an increase to retained earnings---------Credit

Navigate

1. For each item below, assign a layer from the five-layer Internet Model that t

1. For each item in the table below, decide whether the description is of a conn

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.

1. For each item below, indicate whether a debit or credit is appropriate by ent

Question

Explanation / Answer

Related Questions

Navigate