Question: For each of the following changes, indicate whether a debit or credit entry would be made to the balance sheet account: To decrease Accounts Payable

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

  1. To decrease Accounts Payable
  2. To increase Cash
  3. To increase Note Payable
  4. To increase Office Supplies
  5. To increase Equipment
  6. To increase Accounts Payable
  7. To increase Land
  8. To increase Owner, Capital

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