Question: A debit is used to decrease which of the following accounts? A. Supplies B. Salaries expense C. Accounts Payable D. Dividends

A debit is used to decrease which of the following accounts?

A. Supplies

B. Salaries expense

C. Accounts Payable

D. Dividends

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:

13. Which of the following transactions causes a decrease in total liabilities? A. Paying maintenance expenses for the current month. B. Providing services to customers on account. C. Paying...

Q:

A debit is used to decrease which of the following accounts? A. Machine B. Salaries expense C. Accounts receivable D. Dividends E. Accumulated depreciation

Q:

which of the following describes the cost of selling to customers? Assets Liabilities Expenses Dividends 1 points QUESTION 2 A component/aspect of relevant accounting information includes: Faithful...

Q:

6. Which of the following basic elements of financial statements is more associated with the balance sheet than the income statement? a. Equity b. Revenue c. Gains d. Expenses 7. Debit always means...

Q:

A debit is used to decrease which of the following accounts? Multiple Choice Salaries Expense. Supplies Dividends. Accounts Payable

Q:

ACCT 201 Case Spring 2022 Question 4: Identify the normal balance for each of the following accounts. Unearned Revenue Building Salaries Expense Accounts Payable Rent Revenue Cash Page 4 Service...

Q:

A credit is used to record an increase in which of the following accounts? A ) Supplies B ) Cash C ) Accounts Payable D ) Wages Expense E 0 Prepaided insurance

Q:

A debit is used to increase which of the following accounts? Multiple Choice O Utilities Expense. O Accounts Payable. Service Revenue. O Common Stock

Q:

5. State which balance, debit, or credit is normally held by the following accounts: a. Cash b. Dividends c. Notes payable d. Unearned revenue e. Cost of goods sold f. Prepaid rent g. Accounts...

Q:

5. State which balance, debit, or credit is normally held by the following accounts: a. Cash b. Dividends c. Notes payable d. Unealned revenue e. Cost of goods sold f. Prepaid rent g. Accounts...

Q:

The Black Eyed Peas video for Ring the Alarm parts 1-3 offers an argument about today's society that reflects many sociological critics' ideas. Watch this video and let's consider a couple of Len...

Q:

Consider the slope of the given curve at each of the five points shown. List these five slopes in decreasing order and explain your reasoning.

Q:

8 Match each quadrilateral with its correct side and angle properties. A square B rectangle C rhombus D parallelogram

Q:

I need a 200-word paragraph about "why did I choose to talk about artificial intelligence" with no plagiarism please.

Q:

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.

Q:

The visual rule: If we observe an event with our own eyes, we will attach more weight to it than if someone else had described it to us.

Q:

10. What is meant by the fact that we are socialized into using linear causal thought patterns? Find two examples of this from your everyday life.