All of the following accounts have normal credit balances except: a. Investments. b. Accounts Payable. c. Service Revenue. d. Common Stock (Capital Stock).

13. What type of account is increased with a debit but is a decrease to retained earnings?

a. Asset

b. Liability

c. Expense

d. Revenue

14. Squidly Products sold and delivered modems to Detail Solutions for $6,600 to be paid by Detail Solutions in three equal installments over the next three months. The journal entry made by Squidly to record this transaction will include:

a. a decrease in Cash for $6,600.

b. an increase in Accounts Receivable for $2,200.

c. a decrease in Sales Revenue for $6,600.

d. an increase in Accounts Receivable for $6,600

19. A cash register tape would be a source document for which of the following?

a. recognizing a cash sale.

b. recording payroll.

c. recording an invoice.

d. recording a purchase of inventory on credit.