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