Question: Exercise 1-a Indicate the increase and decrease in each account by placing a check mark in Appropriate column. DEBIT CREDIT TRANSACTION 1. Capital is increased

Exercise 1-a Indicate the increase and decrease in each account by

Exercise 1-a Indicate the increase and decrease in each account by placing a check mark in Appropriate column. DEBIT CREDIT TRANSACTION 1. Capital is increased 2. Cash is increased 3. Cash is decreased 4. Capital s decreased 5. Equipment is increased 6. Service Income is increased 7. Expenses is increased 8. Accounts payable is increased 9. Accounts payable is decreased 10.Accounts receivable is decreased Exercise 1-b Answer the following items. Choose the correct answer from the list below

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