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Indicate Whether a Debit or Credit Entry Would Be Required

Question 219

Matching

Indicate whether a debit or credit entry would be required to record the following changes in each account.

Premises:

Responses:

To decrease Supplies.

Credit

To increase Salaries Expense.

Debit

To increase Dividends.

To decrease Accounts Payable.

To increase Common Stock.

To increase Revenue.

To decrease Cash.

To decrease Accounts Receivable.

Premises:

To decrease Supplies.

To increase Salaries Expense.

To increase Dividends.

To decrease Accounts Payable.

To increase Common Stock.

To increase Revenue.

To decrease Cash.

To decrease Accounts Receivable.

Responses:

Credit

Debit

Correct Answer:

Premises:

Responses:

To decrease Supplies.

To increase Salaries Expense.

To increase Dividends.

To decrease Accounts Payable.

To increase Common Stock.

To increase Revenue.

To decrease Cash.

To decrease Accounts Receivable.

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