Question: A credit will increase ____________, but decrease ___________. A. accounts receivable; accounts payable B. accounts payable; common stock C. common stock; prepaid insurance D. accounts

A credit will increase ____________, but decrease ___________.

A. accounts receivable; accounts payable

B. accounts payable; common stock

C. common stock; prepaid insurance

D. accounts receivable; expenses

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Debits And Credits 1. The left side of an account is always: a. the debit side. b. the credit side. c. the balance of that account. d. carried forward to the next accounting period. 2. A credit will...

Q:

QUESTION 12 A credit will increase but decrease a. accounts receivable; accounts payable. b. accounts receivable; expenses. O c. accounts payable; common stock. d. common stock; prepaid insurance

Q:

eBook Calculator Print Item Classification of Cash Flows Rolling Meadows Country Club Inc. is a privately owned corporation that operates a golf club. Rolling Me Net income $125,800 Decrease in...

Q:

The general journal entries----------------- Debit--------Credit, April 1, 2018: To record the capital invested (2000x$10x2) Cash-------------------------------------------$40,000 Common...

Q:

1 Eva's Laundry Trial Balances May 31, 2018 Unadjusted Debit Balances $7,135.00 17,800.00 3,800.00 Unadjusted Credit Balances Adjusted Debit Balances $7,135.00 Adjusted Credit Balances 2 3 Cash 4...

Q:

30,2017, the end of its most recent fscal year, Swifty Computer Consultants' post-closing trial balance was as follows Debit Credit $6,170 1,420 810 Cash Accounts receivable Accounts payable Unearned...

Q:

Sandhill Consulting Ltd. has been in business for several years, providing software consulting to its customers on an annual contract or special assignment basis. All work is done over the Internet,...

Q:

Erskine Consulting Ltd. has been in business for several years, providing software consulting to its customers on an annual contract or special assignment basis. All work is done over the Internet,...

Q:

Problem 11-54A (Algorithmic) Classification of Cash Flows Rolling Meadows Country Club Inc. is a privately owned corporation that operates a golf club. Rolling Meadows reported the following inflows...

Q:

Problem 11-54A (Algorithmic) Classification of Cash Flows Rolling Meadows Country Club Inc. is a privately owned corporation that operates a golf club. Rolling Meadows reported the following inflows...

Q:

The following are the financial statements of Nosker Company. Nosker Company Comparative Balance Sheet December 31, Assets 2017 2016 Cash $ 38,000. $ 20,000 Accounts receivable 30,000 14,000...

Q:

1) A websites success is measured by how well it a. Generates traffic, drives conversions, generates revenues b. Connects users, provides navigation, converts leads c. Promotes products, invites...

Q:

If working papers are to have the characteristics that will ensure that they achieve their primary purposes, which of the following is the most important? A . Working paper must be of standard format...

Q:

describe and differentiate transactional, transformational and transcendental leadership

Q:

3. Why is the following statement, If the Church is a context, it is because it is inside our heads, correct?

Q:

1. Discuss the following statements: a) Jeppe drinks because Holberg (the author) forced him to. b) When the soup you are served tastes bad, complain to the cookbook publisher. c) The purpose of an...

Q:

2. Find out if there are other reference points that can be used as reasonable alternatives.