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A journal entry has only two lines: a) Decrease in Owners' Equity, b) Decrease in Dividends. Multiple Choice O a) is a CR and b)

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A journal entry has only two lines: a) Decrease in Owners' Equity, b) Decrease in Dividends. Multiple Choice O a) is a CR and b) is a DR so the entry is valid a) is a DR and b) is a DR so the entry is NOT valid a) is a DR and b) is a CR so the entry is valid a) is a CR and b) is a CR so the entry is NOT valid A journal entry has only two lines: a) Decrease in an asset, b) Increase in an Expense. Multiple Choice a) is a DR and b) is a DR so the entry is NOT valid a) is a DR and b) is a CR so the entry is valid a) is a CR and b) is a CR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid A journal entry has only two lines: a) Decrease in a liability, b) Decrease in a Revenue account Multiple Choice a) is a CR and b) is a DR so the entry is valid a) is a DR and b) is a DR so the entry is NOT valid ais a CR and b) is a CR so the entry is NOT valid a) is a DR and b) is a CR 50 the entry is valid A journal entry has only two lines: a)Decrease in an Asset, b) Decrease in Owners' Equity. Multiple Choice a) is a DR and b) is a CR so the entry is valid a) is a CR and b) is a DR so the entry is valid a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a CR so the entry is NOT valid A journal entry has only two lines: a) Decrease in an Asset, b) Increase in a Liability Multiple Choice a) is a CR and b) is a CR so the entry is NOT valid a) is a DR and b) is a CR so the entry is valid a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid

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