Question

1. All of the following accounts are increased with a debit except: a. unearned revenue b....

1. All of the following accounts are increased with a debit except:
a. unearned revenue
b. land
c. Account Receivable
d. cash

2. A credit to the cash account will increase the account? T/F

3. Normal balance are the side that increase the account balance. T/F

4. All the following accounts are increase with a credit except.
a. supplies
b. account payable
c. owners captial
d. fees earned

c. fees earned

Business   Accounting   
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Homework Answers

Answer #1

1. Option A(Unearned revenue)

2. False

3. True

4. Option A(supplies)

Explanations:-

1. When Unearned revenue is recorded as

Cash (Debit)

Unearned revenue (Credit)

When it is to be adjusted

Unearned revenue (Debit)

Revenue account (Credit)

So, Unearned revenue account is decreased with a debit

2. A debit to cash account will not increase the account. Not credit.

3. Normal balances of the account increase the account balance.

4. Credits decrease the balance of asset account.

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