A journal entry has only two lines: a) Decrease in an asset, b) Increase in an Expense. Multiple Choice a) is a CR and b) is a CR so the entry is NOT valid O a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid a) is a DR and b) is a CR so the entry is valid A journal entry has only two lines: a) Increase in one Revenue, b) Increase in another Revenue. Multiple Choice a) is a DR and b) is a CR so the entry is valid a) is a CR and b) is a CR so the entry is NOT valid a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid A journal entry has only two lines: a) Increase in one revenue, b) Decrease in another revenue. Multiple Choice a) is a CR and b) is a DR so the entry is valid a) is a CR and b) is a CR so the entry is NOT valid O O a) is a DR and b) is a CR so the entry is valid a) is a DR and b) is a DR so the entry is NOT valid A journal entry has only two lines: a) Decrease in a liability, b) Decrease in a Revenue account. Multiple Choice a) is a CR and b) is a DR so the entry is valid O a) is a CR and b) is a CR so the entry is NOT valid a) is a DR and b) is a DR so the entry is NOT valid a) is a DR and b) is a CR so the entry is valid A journal entry has only two lines: a) Increase in a Liability, b) Increase in Owners' Equity. Multiple Choice a) is a CR and b) is a DR so the entry is valid O a) is a DR and b) is a CR so the entry is valid O a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a CR so the entry is NOT valid A journal entry has only two lines: a) Increase in one Liability, b) Increase in a second Liability. Multiple Choice O a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid a) is a CR and b) is a CR so the entry is NOT valid a) is a DR and b) is a CR so the entry is valid A journal entry has only two lines: a) Increase in one asset, b) Decrease in a second asset. Multiple Choice O a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a CR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid a) is a DR and b) is a CR so the entry is valid A journal entry has only two lines: a) Decrease in an asset, b) Increase in a Revenue account. Multiple Choice a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid a) is a DR and b) is a CR so the entry is valid a) is a CR and b) is a CR so the entry is NOT valid