Accounting I - Chapter 2 Test b

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Advertising Expense is increased with a debit.

Prepaid Insurance is decreased with a credit.

The left side of an asset account is the credit side because asset accounts are on the left side of the accounting equation.

A drawing account is decreased by debits and increased by credits.

The normal balance side of an accounts receivable account is a credit.

Accounts payable accounts are increased with a debit.

Cash is increased with a credit.

Increases to accounts are recorded on the debit side.