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Question la: List the categories of accounts that appear on the income statement Answer: Question...

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Accounting

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Question la: List the categories of accounts that appear on the income statement Answer: Question 1b: List the categories of accounts that appear on the balance sheet Answer: a. c. Question 2: When the below accounts increases is it a debit or a credit? Inventory b. Retained earnings Cash d. Accounts Payable Dividends f. Land Supplies h. Common Shares i. Service Revenue j. Accounts Receivable e. a. C. Question 3: When the below accounts decreases is it a debit or a credit? Prepaid Expenses b. Contributed Capital Buildings d. Unearned Revenue Dividends f. Notes Receivable g. Interest Payable h. Sales Revenue i. Cost of Sales e

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