Click to watch the Ti Me More Learning Objective 2 video and then answer the questions below. and - respectively. 1. Asset accounts and liability accounts are increased by a. debits; debits b. credits; credits c. debits; credits d. credits; debits and respectively 2. Revenue accounts and expense accounts are increased by a. debits; debits b. credits; credits C. debits; credits d. credits; debits a(n) __ account 3. Purchasing supplies on account a. decreases; asset b. Increases; revenue C. decreases; expense d. increases; liability 4. On December 15, Zapp Company paid $1,900 to Sylvan Supply Co. on account. The journal entry to record this transaction would include respectively. 2. Revenue accounts and expense accounts are increased by a. debits; debits b. credits; credits C. debits; credits d. credits; debits a(n) account. 3. Purchasing supplies on account a. decreases; asset b. increases; revenue C. decreases; expense d. increases; liability 4. On December 15, Zapp Company paid $1,900 to Sylvan Supply Co. on account. The journal entry to record this transaction would to a. debit; Cash b. credit; Cash c. credit; Accounts Payable d. credit; Accounts Receivable