Question Content Area

Select each statement either the word "debit" or "credit."

$1.$ An asset account is increased with a

$.$

$2.$ Owner's equity is increased with a

$.$

$3.$ To place an amount on the left$-$hand side of the T account is to

the account.

$4.$ The prepaid insurance account is increased by entering a

$.$

$5.$ The drawing account is decreased by entering a

$.$

$6.$ The accounts payable account is decreased with a

$.$

$7.$ The owner's capital account is increased with a

$.$

$8.$ The wages expense account is increased with a

$.$

$9.$ The fees earned account is increased with a

$.$

$10.$ The equipment account is decreased with a

$.$