Which account is increased by a credit to the account?
A) Accounts receivable
B) Service revenue
C) Interest expense
D) Supplies
Correct Answer:
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Q29: Use the following information to answer questions
Q30: Powell Corporation recorded a business event using
Q31: Credit entries
A)decrease liability accounts.
B)increase asset accounts.
C)increase the
Q32: The Horowitz Corporation recorded a business event
Q33: The information in the following T-accounts of
Q35: Which of the following is increased with
Q36: A debit entry
A)increases assets.
B)increases expenses.
C)decreases liabilities.
D)increases assets,expenses,and
Q37: Which of the following is increased with
Q38: The difference between the debit and credit
Q39: Which of the following is decreased with
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