## Answers

Solution

a | To increase supplies | debit |

b | to decrease store supplies | credit |

c | To increase legal expense | debit |

d | To increase consulting revenue | credit |

e | To decrease salaries payable | debit |

f | To decrease equipment | credit |

g | To increase interest payable | credit |

h | To decrease buildings | credit |

i | To increase common stock | credit |

j | To increase store equipment | debit |

.

All expense, asset accounts increase by debit and decrease by credit.

All revenue, liability, equity accounts increase by credit and decrease by debit.

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