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)Common Stock

Question

Quizplus · Accepted Answer

A credit is used to record an increase in accounts such as Accounts Payable, Service Revenue, Unearned Revenue, and Common Stock. However, Wages Expense is an account that is increased with a debit and decreased with a credit.

A Credit Is Used to Record an Increase in All