Journal entries
accounts to be debited/ credited
1) increase in asset
2) decrease in income
3) increase in expense
4) decrease in capital
5) increase in liability
6) decrease in asset
7) increase in income
8) decrease in expense
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Answer:
Debits are always on the left side of the entry, while credits are always on the right side, and your debits and credits should always equal each other in order for your accounts to remain in balance. In this journal entry, cash is increased (debited) and accounts receivable credited (decreased).
Explanation:
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