For each account listed below, determine If the account is Increased or decrease

Question

For each account listed below, determine If the account is Increased or decreased by a deblt. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, If you print out the quiz to work on It and then enter your answers later in the week, It is very likely the order of the matches will be different. Therefore, exercise caution when entering your answers into carmen. Quiz scores will not be adjusted for errors in entering choices. prepaid rent I Choose ] accounts payable IChoose ] gain on sale of land [Choose ) dividends l Choose ) cost of goods sold [Choose ] accumulated depreciation I Choose ]

Explanation / Answer

Prepaid rent - INCREASE

Account payable - DECREASE

Gain on sale of land - DECREASE

Dividend - INCREASE

Cost of goods sold - INCREASE

Accumulated depreciation - DECREASE

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