Which of the following accounts should be debited in a journal entry?
A)Accounts Receivable,when it has been decreased.
B)Withdrawals,when it has been increased.
C)Wages Payable,when it has been increased.
D)All of these choices.

Question

Quizplus · Accepted Answer

Withdrawals increase with a debit because they represent amounts taken out of the business by the owner, which reduces equity. Accounts Receivable decreases with a credit, not a debit. Wages Payable increases with a credit as it represents a liability.

Which of the Following Accounts Should Be Debited in a Journal