Consider the following accounts:
Utilities Expense
Accounts Payable
Service Revenue
Common Stock
How many of these accounts are increased with debits?
A)One.
B)Two.
C)Three.

Name: Consider the following accounts: Utilities Expense Accounts Payable Service Revenue Common Stock How many of these accounts are increased with debits? A)One. B)Two. C)Three.
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Question

Consider the following accounts:
 Utilities Expense
Accounts Payable
Service Revenue
Common Stock
How many of these accounts are increased with debits?
A)One.
B)Two.
C)Three.

Quizplus · Accepted Answer

Utilities Expense is increased with debits, while Accounts Payable, Service Revenue, and Common Stock are increased with credits.

Consider the Following Accounts