Question 17 (2 points) For each item that follows, indicate whether a debit or c

Question

Question 17 (2 points) For each item that follows, indicate whether a debit or credit is appropriate. A decrease to accounts payable. 1) Debit 2) Credit Save Question 18 (2 points) For each item that follows, indicate whether a debit or credit is appropriate. An increase to accounts payable. 1) Debit 2) Credit Save Question 19 (2 points) For each item that follows, indicate whether a debit or credit is appropriste. An increase to interest revenue. 1) Debit 2) Credit Save Question 20 (2 points) For each item that follows, indicate whether a debit or credit is appropriate.A decrease to inventory 1) Debit 2) Credit Save Neext Page ege 5 of 10

Explanation / Answer

Q17) Decrease in account payable = Debit

Q18) Increase account payable = Credit

Q19) Increase interest revenue = Credit

Q20) Decrease in inventory =Credit

Q21) Salary payable = Credit

Q22) Dividends = Debit

Q23) Retained earnings = Credit

Q24) Supplies expense = Debit

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