Chapter 2 Work Calculator and Click to watch the Tell Me More Learning Objective 2 video and then answer the questions below. 1. Asset accounts and liability accounts are increased by respectively a. debits; debits b. credits; credits C. debits; credits d. credits; debits and respectively. 2. Revenue accounts and expense accounts are increased by a. debits; debits b. credits; credits C. debits; credits d. credits; debits a(n) account. 3. Purchasing supplies on account a. decreases; asset b. increases; revenue c. decreases; expense d. increases; liability Check My Work 3 more Check My Work uses remaining. and respectively 2. Revenue accounts and expense accounts are increased by a. debits; debits b. credits; credits c. debits, credits d. credits; debits ain) account 3. Purchasing supplies on account a. decreases; asset b. increases; revenue C. decreases; expense d. Increases; liability to 4. On December 15, Zapp Company paid $1,900 to Sylvan Supply Co. on account. The journal entry to record this transaction would include a a. debit; Cash b. credit; Cash C. credit; Accounts Payable d. credit; Accounts Receivable