A credit entry_______________.

A、increases asset and expense accounts, and decreases liability, owner's capital, and revenue accounts

B、is always a decrease in an account

C、decreases asset and expense accounts, and increases liability, owner's capital, and revenue accounts

D、is recorded on the left side of a T-account

E、is always an increase in an account

提问人：网友wwtoxfh 发布时间：2022-01-07

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更多“A credit entry_______________.”相关的问题

第1题

If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use of cash with an entry to____________.

A、debit Salary Expense and credit Cash

B、debit Tim Jones, Salary and credit Cash

C、debit Cash and credit Tim Jones, Withdrawals

D、debit Tim Jones, Withdrawals and credit Cash

E、debit Automobiles and credit Cash

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第2题

A $130 credit to Office Equipment was credited to Fees Earned by mistake. By what amounts are the accounts under- or overstated as a result of this error?

A、Office Equipment, understated $130; Fees Earned, overstated $130.

B、Office Equipment, understated $260; Fees Earned, overstated $130.

C、Office Equipment, overstated $130; Fees Earned, overstated $130.

D、Office Equipment, overstated $130; Fees Earned, understated $130.

E、Office Equipment, overstated $260; Fees Earned, understated $130.

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第3题

All of the following are asset accounts except___________.

A、accounts receivable

B、buildings

C、supplies expense

D、cash

E、prepaid insurance

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第4题

The following transactions occurred during July___________: (1) Received $900 cash for services provided to a customer during July. (2) Received $2,200 cash investment from Barbara Hanson, the owner of the business. (3) Received $750 from a customer in partial payment of his account receivable which arose from sales in June. (4) Provided services to a customer on credit, $375. (5) Borrowed $6,000 from the bank by signing a promissory note. (6) Received $1,250 cash from a customer for services to be rendered next year. What was the amount of revenue for July?

A、$ 900

B、$ 1275

C、$ 2,525

D、$ 3,275

E、$11,100

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第5题

The general journal provides a place for recording all of the following except____________.

A、the transaction date

B、the names of the accounts involved

C、the amount of each debit and credit

D、an explanation of the transaction