The business bought supplies on account. To record this:

A.

an asset is credited and a liability is credited.

B.

an expense is debited and a liability is credited.

C.

an asset is debited and a liability is credited.

D.

None of the above answers are correct.

An account that would be increased by a debit is:

A.

Fees Earned.

B.

Capital.

C.

Accounts Payable.

D.

Cash.

Cash is credited when the business makes a payment for supplies.

True

False