A credit is used to record an increase in all of the following accounts except:
A)Accounts Payable
B)Service Revenue
C)Unearned Revenue
D)Wages Expense
E)Owner's Capital

Name: A credit is used to record an increase in all of the following accounts except: A)Accounts Payable B)Service Revenue C)Unearned Revenue D)Wages Expense E)Owner's Capital
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

Credits are used to record decreases in Wages Expense, not increases. The other accounts listed are all typically increased with a credit.

A Credit Is Used to Record an Increase in All