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For each account, identify if the change would be recorded as a debit (DR) or credit (CR)
For each account, identify if the change would be recorded as a debit (DR) or credit (CR). Increase to Cash Decrease to Accounts Payable Increase to Common Stock Increase to Unearned Revenue Decrease to Accounts Receivable Increase to Interest Revenue Increase to Rent Expense Decrease to Office Supplies Increase to Prepaid Rent Increase to Notes Payable
Expert Solution
Increase to cashDR12Decrease to Accounts PayableDR13Increase to Common StockCR14Increased to Unearned RevenueCR15Decrease to Accounts ReceivableCR16Increase to Interest RevenueCR17Increase to Rent ExpensesDR18Decrease to Office SuppliesCR19Increase to Prepaid RentDR20Increase to Notes PayableCR
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