Business, 21.02.2020 22:24 alphaaz23415

Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr." (a) whether the change in the account would be recorded as a debit or a credit and (b) whether the normal balance of the account is a debit or a credit.
1. Increase in Common Stock
2. Increase in Dividends
3. Decrease in Accounts Receivable
4. Increase in Note Payable
5. Increase in Accounts Payable
6. Decrease in Supplies
7. Decrease in Salaries Expense
8. Increase in Accounts Receivable
9. Increase in Cash
10. Decrease in Land

Answers: 3

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Answer from: carlinryan

Explanation:

(a) (b)

Recorded Normal

As Balance

1. Increase in Common Stock Cr. Cr.

2. Increase in Dividends Dr. Dr.

3. Decrease in Accounts Receivable Cr. Dr.

4. Increase in Note Payable Cr. Cr.

5. Increase in Accounts Payable Cr. Cr.

6. Decrease in Supplies Cr. Dr.

7. Decrease in Salaries Expense Cr. Dr.

8. Increase in Accounts Receivable Dr. Dr.

9. Increase in Cash Dr. Dr.

10. Decrease in Land Cr. Dr.

Answer from: Quest

match the scenarios with terms related to financial aid.

pell grant

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richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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Answer from: Quest

Answer( optimism );

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Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr...