7. (5 min.)
1. An increase in Salary Expense. Debit
2. A decrease in Accounts Payable. Debit
3. An increase in Prepaid Insurance. Debit
4. An increase in Common Stock. Credit
5. A decrease in Office Supplies. Credit
6. An increase in Dividends. Debit
7. An increase in Service Revenue. Credit
8. A decrease in Accounts Receivable. Credit
9. An increase in Rent Expense. Debit
10. A decrease in Store Equipment. Credit