1. NOTES PAYABLE is increased during the period. * 5. ALLOWANCE FOR DOUBTFUL ACCOUNT is decreased due to writting 1. NOTES PAYABLE is increased during the period. * off of receivables. . O debited O debited O debited O credited credited O credited 2. CASH IN BANK is decreased through the issuance of check. * 2. CASH IN BANK is decreased through the issuance of check. " 6. ACCOUNTS RECEIVABLE is decreased through the receipt of notes from customers. " O debited O debited O debited O credited credited O credited 3. PREPAID RENT is decreased at the end of the month. " 3. PREPAID RENT is decreased at the end of the month. * 7. DEPRECIATION EXPENSE is increased at the end of the period. " O debited O debited O debited O credited credited O credited 4. CASH ON HAND is increased through collection of receivables. 4. CASH ON HAND is increased through collection of receivables." B. Unused OFFICE SUPPLIES is decreased to the minimum level. " O debited O debited O debited O credited O credited O credited 9. PETTY CASH FUND is decreased to reflect the adjusted balance. " 13. Unexpired INSURANCE is decreased to P50,000. " 17. SALES is increased by P10,000. * debited O debited O debited credited O credited O credited 10. GASOLINE AND OIL is increased at the end of the year. " 14. SALARIES AND WAGES is increased to P10,000. * 18. MERCHANDISE INVENTORY is increased by P5,000. " O debited O debited O debited O credited O credited credited 15. ACCOUNTS RECEIVABLE is decreased by P4,000. . 11. BAD DEBTS EXPENSE is increased to P7,000. * O debited 19. FREIGHT-OUT is increased to P2.000. " O debited O credited credited debited O credited 16. BUILDING is decreased by P40.000. * 12. ACCUMULATED DEPRECIATON is ased to P50,000. * O debited debited 20. TRANSPORTATION EXPENSE is decreased by P1,000. * O credned O credited debited credited 17. SALES is increased by P10,000. &quot