Question: A journal entry has only two lines: a) Increase in a liability, b) Increase in Dividends. A journal entry has only two lines: a) Increase

A journal entry has only two lines: a) Increase in a liability, b) Increase in Dividends.

A journal entry has only two lines: a) Increase in a Liability, b) Decrease in a Revenue.

A journal entry has only two lines: a) Decrease in Owners' Equity, b) Decrease in a Revenue account.

A journal entry has only two lines: a) Decrease in Owners' Equity, b) Decrease in an Expense.

A journal entry has only two lines: a) Increase in Owners' Equity, b) Decrease in Dividends.

A journal entry has only two lines: a) Decrease in an asset, b) Increase in an Expense.

A journal entry has only two lines: a) Increase Owners' Equity, b) Decrease in Owners' Equity.

A journal entry has only two lines: a) Increase in an asset, b) Decrease in a liability.

A journal entry has only two lines: a) Decrease in an asset, b) Increase in Dividends.

A journal entry has only two lines: a) Increase in a Liability, b) Decrease in Owners' Equity.

A journal entry has only two lines: a) Increase in an asset, b) Increase in an Expense.

A journal entry has only two lines: a) Decrease in one Owners' Equity account, b) Decrease in a second Owners' Equity account.

A journal entry has only two lines: a) Increase in Owners' Equity, b) Increase in Dividends.

A journal entry has only two lines: a) Decrease in a liability, b) Decrease in an Expense.

A journal entry has only two lines: a) Increase in an asset, b) Increase in Dividends.

A journal entry has only two lines: a) Increase in a liability, b) Increase in an Expense.

A journal entry has only two lines: a) Increase in an asset, b) Decrease in Revenue.

A journal entry has only two lines: a) Decrease in a Revenue account, b) Decrease in an Expense account

A journal entry has only two lines: a) Increase in an asset, b) Decrease in Owners' Equity.

A journal entry has only two lines: a) Increase in a Revenue account, b) Decrease in an Expense account.

A journal entry has only two lines: a) Decrease in an Asset, b) Increase in a Liability.

A journal entry has only two lines: a) Increase in one Expense, b) Decrease in another Expense.

A journal entry has only two lines: a) Increase in one Expense account, b) Increase in another Expense account.

A journal entry has only two lines: a) Increase in an asset, b) Increase in a liability.

A journal entry has only two lines: a) Increase in one Liability, b) Decrease in a second liability.

A journal entry has only two lines: a) Increase in Owners' Equity, b) Decrease in Expense.

A journal entry has only two lines: a) Increase in Owners' Equity, b) another Increase in one Owners' Equity.

A journal entry has only two lines: a) Increase in Owners' Equity b) Decrease in Revenue.

A journal entry has only two lines: a) Increase in a Liability, b) Decrease in Dividends.

A journal entry has only two lines: a) Decrease in an asset, b) Decrease in a liability.

A journal entry has only two lines: a) Increase in a liability, b) Decrease in an Expense.

A journal entry has only two lines: a) Increase in one Liability, b) Increase in a second Liability.

A journal entry has only two lines: a) Decrease in Owners' Equity, b) Increase in a Revenue account.

ALL PARTS OF THE SAME QUESTION , PLEASE KEEP ANSWERS SHORT AND BRIEF

EVERY PART IS ANSWERED BY 1 of 4 OF THESE CHOICES

Multiple Choice

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) is a DR and b) is a DR so the entry is NOT valid

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