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13) A credit entry: 13) A) Is recorded on the left side of a T-account B) Is always an increase in an account. C) Is

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13) A credit entry: 13) A) Is recorded on the left side of a T-account B) Is always an increase in an account. C) Is always a decrease in an account D) Increases asset and expense accounts, and decreases liability, stockholders' equity, and revenue accounts. E) Decreases asset and expense accounts, and increases liability, stockholders' equity, and revenue accounts. 14) A business's record of the increases and decreases in a specific asset, liability, equity, 4)_ revenue, or expense is known as a(n): A) Account. B) Trial balance. C) Journal D) Posting- E) Chart of accounts. 15) HH Consulting &Design provided $800 of consulting work and $100 of design work to 15) the same client. It billed the client for the total amount and is expecting to collect from the customer next month. Which of the following general journal entries will HH Consulting & Design make to record this transaction? A) Cash 900 Design Revenue Consulting Revenue 100 800 B) Design Revenue Consulting Revenue 100 800 Accounts Receivable 900 C) Accounts Payable 800 Design Revenue Consulting Revenue 100 800

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