Choose the correct option to complete the following statement. A credit entry represents:

1. an increase in a liability, an increase in a drawing, an increase in capital, a decrease in income.

2. A decrease in an expense, an increase in capital, an increase in a liability, a decrease in an asset.

3. An increase in capital, a decrease in income, an increase in a liability, an increase is a drawing.

4. A decrease in an asset, an increase in a liability, an increase in an expense, an increase in income.