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Indicate whether or not the following increases or decreases in accounts should be recorded as debit (d) or credit (c):

increase in cash
- Debit Correct!
- Credit Incorrect. This is a debit.
decrease in cash
- Debit Incorrect. This is a credit.
- Credit Correct!
increase in owners' equity
- Debit Incorrect. This is a credit.
- Credit Correct!
increase in land
- Debit Correct!
- Credit Incorrect. This is a debit.
decrease in office supplies
- Debit Incorrect. This is a credit.
- Credit Correct!
increase in retained earnings
- Debit Incorrect. This is a credit.
- Credit Correct!
increase in revenues
- Debit Incorrect. This is a credit.
- Credit Correct!
increase in expenses
- Debit Correct!
- Credit Incorrect. This is a debit.
increase in dividends
- Debit Correct!
- Credit Incorrect. This is a debit.
increase in prepaid rent
- Debit Correct!
- Credit Incorrect. This is a debit.
increase in prepaid insurance
- Debit Correct!
- Credit Incorrect. This is a debit.
decrease in accounts payable
- Debit Correct!
- Credit Incorrect. This is a debit.
increase in inventory
- Debit Correct!
- Credit Incorrect. This is a debit.
increase in capital stock
- Debit Incorrect. This is a credit.
- Credit Correct!

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