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Is an increase in rent expense a credit?

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  • Is an increase in rent expense a credit?


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Why is Rent Expense a debit and Service Revenues a credit? ... Revenues are credits because they increase owner's equity. If you think of the accounting ...
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Positive: 44 %
... revenue and expense, ... an increase can be a debit or a credit. ... Let's follow the chart, rent is an expense, ...
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Positive: 41 %

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Answers to Easy Practice Test . 1. A revenue account is credited this period when ... Liability – Increase - Credit . c. Rent Expense 6,000 ...
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Positive: 44 %
Liability – Increase – Credit . 3. Rent Expense 2,000 Cash 2,000. Expense – Increase – Debit Asset – Decrease - Credit. 4 ...
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Positive: 39 %
Definition of Rent expense. ... received by a business from purchases on credit. Annual fund operating expenses. ... these costs increase or decrease as ...
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Positive: 25 %
Accounting Journal Entries ... Debit or Credit ? 1: Increase in Expenses ... Credit: Rent Expense: 1,500: Cash: 1,500
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Positive: 2 %

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