Match the account to the effect of debits. Match the account to the effect of credits.

Match the account to the effect of debits.

                                                                  Answer:

        Cash                                                   A. A debit will increase this account. 

____Retained earnings                                 B. A debit will decrease this account.

____Accounts Payable                                C. A debit will have no effect on this account.

____Land                                                    D. NA

____Building

____Accounts receivable

____Supplies

____Capital

____Notes payable

____Equipment

Match the account to the effect of credits.

                                                             Answer:

                                                         A.  A credit will increase this account.

____Cash                                          B.  A credit will decrease this account.

____Retained earnings                       C.   A credit will have no effect on this account.

____Accounts Payable                       D.   NA

____Land        

____Building

____Accounts receivable

____Supplies

____Capital

____Notes payable

____Equipment