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

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

Quizplus · Accepted Answer

Wages Expense is an expense account, and expenses increase with a debit, not a credit.

A Credit Is Used to Record an Increase in All