Question: Indicate whether the following transactions increase or decrease the relevant account. Use MS Excel 1. A liability account is debited for $500. THI 2. A

Indicate whether the following transactions increase or decrease the relevant account.

Indicate whether the following transactions increase or decrease the relevant account. Use MS Excel 1. A liability account is debited for $500. THI 2. A revenue account is credited for $1,000. 3. An asset account is debited for $300. 4. An expense account is credited for $75. 5. Owner's capital is credited for $1,000. SBATTICO 1946

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