Content Asset Accounts APP: 017 Debits and Credits Increases and Decreases Liabilities in the Accounting Equation Expenses https://english-poems.com/poems/mei-mei-berssenbrugge-forms-of-politeness Revenue has a credit balance of $5,500. This is posted to the Service Revenue T-account on the credit side. In the journal entry, Equipment has a debit of $3,500. Cost of goods sold matched with sales revenue...Read More