Question 1 1 pts Which of the following is "false"? Cash decreases with credits Revenues increase with credits Accounts payable decrease with debits Accrued liabilities increase with debits Question 2 1 pts Which ONE of the following would NOT appear in the closing entries for the year? Accounts Payable Accounts Receivable Cash $3,000 5,400 1,700 1,800 16,700 Common Stock Cost of Goods Sold Dividends 900 Inventory Insurance Expense Land 5,600 2,400 19,000 2,700 1.750 Prepaid Rent Expense Retained Earnings (beginning) Sales Revenue Unearned Revenue Wage Expense Utilities Expense 24,300 4,800 3,600 2,750 DEBIT to Retained Earnings for $3,600 CREDIT to Dividends for $900 $ CREDIT to Insurance Expense for $2.400 DEBIT to Retained Earnings for $2,700 CREDIT to Retained Earnings for $24.300