Please complete the following practice problems
Problem: To increase the balance in the following accounts, would you debit the account or would you credit the account?
a. Accounts Payable Debit Credit
b. Cash Debit Credit
c. Land Debit Credit
d. Notes Payable Debit Credit
e. Accounts Receivable Debit Credit
f. Mary Smith, Capital Debit Credit
g. Supplies Debit Credit
h. Supplies Expense Debit Credit
i. Prepaid Insurance Debit Credit
j. Service Revenue Debit Credit
k. Mary Smith, Drawing Debit Credit
l. Equipment Debit Credit
m. Unearned Revenue Debit Credit
Problem: To decrease the balance in the following accounts, would you debit the account or would you credit the account?
a. Accounts Payable Debit Credit
b. Cash Debit Credit
c. Land Debit Credit
d. Notes Payable Debit Credit
e. Accounts Receivable Debit Credit
f. Mary Smith, Capital Debit Credit
g. Supplies Debit Credit
h. Supplies Expense Debit Credit
i. Prepaid Insurance Debit Credit
j. Service Revenue Debit Credit
k. Mary Smith, Drawing Debit Credit
l. Equipment Debit Credit
m. Unearned Revenue Debit Credit