Question 4 Debit entries into an expense account: (A) decrease the account balance and will ultimately increase Retained Earnings (B) increase the account balance and will ultimately increase Retained Earnings (c) decrease the account balance and will ultimately decrease Retained Earnings entries are not made to expense accounts since they are temporary accounts (E none of the above Question 5 The cost of Goods Sold account is an asset account similar to the Inventory account, True