Question: Indicate debit-credit analysis. Transaction A Does it increase or decrease Cash? Does it increase or decrease expense? Does it increase or decrease revenue? Does it

Indicate debit-credit analysis. Transaction A Does it increase or decrease Cash? Does it increase or decrease expense? Does it increase or decrease revenue? Does it increase or decrease money owed? Does it increase or decrease owner's equity? Wrote a check for $50 for utilities. In this transaction: Cash is a(n) with a which is Pick one: decreased/increased Pick one: asset/drawing/expense/liability/owner's equity Pick one: debit/credit Utilities Expense is an) with a which is Pick one: decreased/increased Pick one: asset/drawing/expense/liability/owner's equity Pick one: debit/credit Transaction B Does it increase or decrease Cash? Does it increase or decrease expense? Does it increase or decrease revenue? Does it increase or decrease money owed? Does it increase or decrease owner's equity? Received $400 for services performed. In this transaction: Cash is a(n) with a which is Pick one: decreased/increased Pick one: asset/drawing/revenue/liability/owner's equity Pick one: debit/credit Service Revenue is a(n) which is with a Pick one: asset/drawing/revenue/liability/owner's equity Pick one: decreased/increased Pick one: debit/credit Transaction C Does it increase or decrease Cash? Does it increase or decrease expense? Does it increase or decrease revenue? Does it increase or decrease money owed? Does it increase or decrease owner's equity? Purchased $4,000 of equipment on account. In this transaction: Equipment is a(n) with a which is Pick one: decreased/increased Pick one: asset/drawing/expense/liability/owner's equity Pick one: debit/credit Accounts Payable is a(n) which is Pick one: asset/drawing/expense/liability/owner's equity Pick one: decreased/increased with a Pick one: debit/credit
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