Question

Bonds Payable. select between a.increase and decrease select between increase and decrease select between credit and debit b. Unearned Service Revenue. select between increase and decrease select between increase and decrease select between credit and debit c. Depreciation Expense. select between increase and decrease select between increase and decrease select between credit and debit d. Common Stock. select between increase and decrease select between increase and decrease select between credit and debit e. Buildings. select between increase and decrease select between increase and decrease select between credit and debit f. Rent Revenue. select between increase and decrease select between increase and decrease select between credit and debit

Answer 1

Answer:

Bonds Payable - Increase is credit, decrease is debit

Unearned Service Revenue - Increase is credit, decrease is debit

Depreciation Expense - Debit is increase, Credit is decrease

Common stock - Increase is credit, decrease is debit

Buildings - Debit is increase, Credit is decrease

Rent revenue - Increase is credit, decrease is debit

Explanation:

Bond payable and Unearned service revenue are liabilities.

Common stock is part of equity While rent revenue is income. A credit to a liability or an equity or an income account is to increase the balance.

Building and depreciation expense are assets and expense respectively. A debit to an expense or an asset is to increase it while a credit decreases it balance.