1. Asset accounts and liability accounts are increased by __________ and __________, respectively.

1. debits; debits
2. credits; credits
3. debits; credits
4. credits; debits

2. Revenue accounts and expense accounts are increased by __________ and __________, respectively.

1. debits; debits
2. credits; credits
3. debits; credits
4. credits; debits

3. Purchasing supplies on account __________ a(n) __________ account.

1. decreases; asset
2. increases; revenue
3. decreases; expense
4. increases; liability

4. On December 15, Zapp Company paid $1,900 to Sylvan Supply Co. on account. The journal entry to record this transaction would include a __________ to __________.

1. debit; Cash
2. credit; Cash
3. credit; Accounts Payable
4. credit; Accounts Receivable