Question: For each statement below, indicate whether a debit or credit is appropriate by clicking in the drop down box to the right of each statement.

For each statement below, indicate whether a debit or credit is appropriate by clicking in the drop down box to the right of each statement. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore, exercise caution when entering your answers into carmen. Quiz scores will not be adjusted for errors in entering choices.

Group of answer choices

a decrease to retained earnings

[ Choose ] debit credit

an increase to notes payable

[ Choose ] debit credit

a decrease to building

[ Choose ] debit credit

an increase to cost of goods sold

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