Question: Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in items 1 through 15. Account Increase (l) or

 Indicate whether a debit will increase (I) or decrease (D) each

Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in items 1 through 15. Account Increase (l) or Decrease (D) Inventory - ni o Depreciation expense Accounts payable Prepaid rent w Sales revenue o Common stock Salaries and wages payable Cost of goods sold o o Utility expense Equipment Accounts receivable = 3 Utilities payable Rent expense Interest expense Interest revenue

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