Question: For each account shown below, determine if posting a credit to the account would result in an increase or a decrease to the account balance.

For each account shown below, determine if posting a credit to the account would result in an increase or a decrease to the account balance. Select your answer by clicking in the drop down box to the right of each account.

Group of answer choices

cost of goods sold

[ Choose ] increase decrease

notes payable

[ Choose ] increase decrease

gain on sale of building

[ Choose ] increase decrease

prepaid rent

[ Choose ] increase decrease

common stock

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