Which statement is false? O A. Dividends are increased by credits. OB. Revenues are increased by credits. O C. Assets are increased by debits. D. Liabilities are decreased by debits. The journal entry to record the purchase of supplies on account A. debits Supplies Expense and credits Supplies. O B. debits Supplies and credits Accounts Payable. O C. credits Supplies and debits Cash. O D. credits Supplies and debits Accounts Payable