Question
Please answer all three questions per chegg guidelines. Thank you 1. Which of the following accounts increases with a debit? a.Service Revenue b.Common Stock c.Accumulated
Please answer all three questions per chegg guidelines. Thank you
1. Which of the following accounts increases with a debit?
a.Service Revenue
b.Common Stock
c.Accumulated Depreciation
d.Both Common Stock and Accumulated Depreciation increase when debited.
e. None of the above.
2. A business receives a cash payment from a customer. Which of the following occurs?
a.Cash is debited.
b.Expenses are credited.
c.Accounts payable is credited.
d.Accounts receivable is debited.
3. A business performs work for a customer. Which of the following occurs?
a.Salary expense is debited.
b.Service Revenue is credited.
c.Unearned revenue is credited.
d.Accounts payable is debited.
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