A journal entry has only two lines: a) Decrease in a liability, b) Decrease in Dividends. 1 Multiple Choice a) is a CR and b) is a DR so the entry is valid 0 a) is a DR and b) is a CR so the entry is valid 0 a) is a CR and b) is a CR so the entry is NOT valid 0 0 a) is a DR and b) is a DR so the entry is NOT valid A journal entry has only two lines: a) Increase in one revenue, b) Decrease in another revenue. Multiple Choice o a) is a DR and b) is a CR so the entry is valid o a) is a CR and b) is a DR so the entry is valid o a) is a DR and b) is a DR so the entry is NOT valid o 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 one Liability, b) Decrease in a second liability Multiple Choice 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) is a DR and b) is a DR so the entry is NOT valid A journal entry has only two lines: a) Increase in a Liability, b) Decrease in a Revenue. 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 DR 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) Increase in a Liability, b) Increase in Revenue account. Multiple Choice o a) is a DR and b) is a CR so the entry is valid o ) a) is a CR and b) is a CR so the entry is NOT valid o a) is a DR and b) is a DR so the entry is NOT valid o a) is a CR and b) is a DR so the entry is valid A journal entry has only two lines: a) Increase in Owners' Equity b) Decrease in Revenue. Multiple Choice a) is a CR and b) is a DR so the entry is valid O ) a) is a DR and b) is a CR so the entry is valid O a) is a CR and b) is a CR so the entry is NOT valid O a) is a DR and b) is a DR so the entry is NOT valid