Question: COMPREHENSIVE PORTION (1 POINT EACH) For each item below, indicate with an X whether a debit (DR) or credit (CR) applies to the specified transaction.

 COMPREHENSIVE PORTION (1 POINT EACH) For each item below, indicate with

COMPREHENSIVE PORTION (1 POINT EACH) For each item below, indicate with an X whether a debit (DR) or credit (CR) applies to the specified transaction. DR Transaction CR Increase to Accounts Payable account Decrease to Accounts Receivable account Increase to Retained Earning Decrease to Unearned Revenue account Increase to Supplies Expense account Increase to Accumulated Depreciation account Increase to Preferred Stock account Increase to Revenue account Decrease to Cash accoun Incre s account ase to Sales Returns and Allowances account MULTIPLE CHOICE (2 POINTS EACH) 0 Which of the following is not a current liability? 1

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