For each of the following changes, indicate whether a debit or credit entry would be made to the balance sheet account a To decrease Accounts Payable b To increase Cash c To increase Notes Payable d To increase Office Supplies e To increase Equipment f To increase Accounts Payable g To increase Lan...

a To decrease Accounts Payable debit b To increase Cas ...

For each of the following changes, indicate whether a debit or credit entry would be made to

Question:

For each of the following changes, indicate whether a debit or credit entry would be made to the account:
a. To decrease To increase Cash
c. To increase Notes Payable
d. To increase Office Supplies
e. To increase Equipment
f. To increase To increase Land
h. To increase Owner, Capital
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...