Question: For each item below, indicate whether a debit or credit applies. 1. Decrease in Notes Payable 2. Increase in Dividends 3. Increase in Common Stock

For each item below, indicate whether a debit or credit applies. 1. Decrease in Notes Payable 2. Increase in Dividends 3. Increase in Common Stock 4. Increase in Unearned Rent Revenue 5. Decrease in Interest Payable 6. Increase in Prepaid Insurance 7. Decrease in Salaries and Wages Expense 8. Decrease in Supplies 9. Increase in Revenues 10. Decrease in Accounts Receivable

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