Question: Instructions Select Increase or Decrease to show the affects of debit and credit on various account types 2. Asset Account - Debit * (1 Point)

Instructions Select Increase or Decrease to show the affects of debit

and credit on various account types 2. Asset Account - Debit *

(1 Point) Increase Decrease 3. Asset Account - Credit (1 Point) Increase

Decrease 4. Liability Account - Credit * (1 Point) O Increase Decrease

5. Liability Account - Debit (1 Point) Increase O Decrease 6. Owner's

Instructions Select Increase or Decrease to show the affects of debit and credit on various account types 2. Asset Account - Debit * (1 Point) Increase Decrease 3. Asset Account - Credit (1 Point) Increase Decrease 4. Liability Account - Credit * (1 Point) O Increase Decrease 5. Liability Account - Debit (1 Point) Increase O Decrease 6. Owner's Capital Account - Credit (1 Point) Increase O Decrease 7. Owner's Capital Account - Debit * (1 Point) Increase Decrease 8. Owner's Drawings Account - Debit (1 Point) Increase O Decrease 9. Owner's Drawings Account - Credit (1 Point) O Increase Decrease 10. Revenue Account - Debit (1 Point) Increase Decrease 11. Revenue Account - Credit (1 Point) Increase Decrease 12. Expense Account - Credit (1 Point) Increase Decrease 13. Expense Account - Debit* (1 Point) O Increase O Decrease 14. Accounts that normally have credit balances are (1 Point) O assets, expenses, and equity O assets, expenses, and revenues O liabilities, owner's capital , and revenues assets, owner's drawing, and expenses

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