Question

(debits and credits) indicate whether the following accounts increase with debits, or with credits: Bank loan...

(debits and credits) indicate whether the following accounts increase with debits, or with credits:

Bank loan payable

Printing expense

dividends to shareholders

land

prepaid expenses

wages payable to employees

sales revenues

interest revenues

common stock ( an equity account)

Business   Accounting   
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Answer #1
Increase with Explanation
Bank Loan Payable Credits Account has Credit Balance Nature and is a Liability Account
Printing Expense Debits Account has Debit Balance Nature and is a Expense Account
Dividend to Shareholders Credits Account has Credit Balance Nature and is a Liability Account
Land Debits Account has Debit Balance Nature and is a Assets Account
Prepaid Expense Debits Account has Debit Balance Nature and is a Assets Account
Wages Payable to Employee Credits Account has Credit Balance Nature and is a Liability Account
Sales Revenue Credits Account has Credit Balance Nature and is a Revenue Account
Interest Revenue Credits Account has Credit Balance Nature and is a Income Account
Common Stock (An Equity AC) Credits Account has Credit Balance Nature and is a Capital/Equity Account
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