A journal entry has only two lines: a) Increase in one Expense, b) Decrease in another Expense. ! Multiple Choice o a) is a DR and b) is a CR so the entry is valid o a) is a CR and b) is a CR so the entry is NOT valid o a) is a CR and b) is a DR so the entry is valid o 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 an asset, b) Increase in an Expense. Multiple Choice O a) is a DR and b) is a DR so the entry is NOT valid O a) is a CR and b) is a CR so the entry is NOT valid O 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 A journal entry has only two lines: a) Decrease in an asset, b) Decrease in Owners' Equity. ! Multiple Choice o a) is a DR and b) is a CR so the entry is valid o 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 o a) is a CR and b) is a DR so the entry is valid A journal entry has only two lines: a) Increase in a Liability, b) Decrease in Owners' Equity. 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 A journal entry has only two lines: a) Decrease in an asset, b) Increase in a Revenue account. 1 Multiple Choice a) is a DR and b) is a CR so the entry is valid 0 ) a) is a CR and b) is a CR so the entry is NOT valid 0 a) is a CR and b) is a DR so the entry is valid 0 0 a) is a DR and b) is a DR so the entry is NOT valid