1. ent of an account payable? W : Which of the following entries records the payment of an debit Cash; credit Accounts Payable debit Accounts Receivable; credit Cash debit Cash: credit Supplies Expense debit Accounts Payable; credit Cash s records the investment of cash by Taylor Thomas, owner of ch of the following entries records the investment of cash by Taylor a proprietorship? . debit Taylor Thomas, Capital: credit Accounts Receivable debit Cash; credit Taylor Thomas, Capital debit Taylor Thomas, Drawing credit Cash debit Cash: credit Tavlor Thomas, Drawing Which of the following types of accounts have a normal credit balance? assets and liabilities liabilities and expenses revenues and capital capital and drawing Which of the following groups of accounts have a normal debit balance? a. revenues, liabilities, and capital b. capital and assets c. liabilities and capital d. assets and expenses 4. 5. Which of the following entries records the acquisition of office supplies on account? a. Office Supplies, debit; Cash, credit b. Cash, debit; Office Supplies, credit c. Office Supplies, debit; Accounts Payable, credit d. Accounts Receivable, debit; Office Supplies, credit 6. Which of the following entries records the withdrawal of cash by Sally Anderson, owner a proprietorship, for personal use? a. debit Sally Anderson, Capital; credit Cash b. debit Sally Anderson, Drawing; credit Cash c. debit Salaries Expense; credit Cash d. debit Salaries Expense; credit Salaries Payable 7. A credit may signify a a. decrease in assets b. decrease in liabilities C. decrease in capital d. decrease in revenue A debit may signify a(n) a. decrease in asset accounts b. decrease in liability accounts increase in the capital account d. decrease in the drawing account C