For each of the accounts listed below, enter the words, Increase or Decrease, in the Debit and Credit columns to indicate the effects of each on the account balance. AccountDebitCreditA.Accumulated Deprecation??B.Depreciation Expense??C.Equipment??D.Prepaid Rent??E.Rent Expense??F.Supplies??G.Supplies Expense??
What will be an ideal response?
Account | Debit | Credit | |
A. | Accumulated Deprecation | Decrease | Increase |
B. | Depreciation Expense | Increase | Decrease |
C. | Equipment | Increase | Decrease |
D. | Prepaid Rent | Increase | Decrease |
E. | Rent Expense | Increase | Decrease |
F. | Supplies | Increase | Decrease |
G. | Supplies Expense | Increase | Decrease |
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