A credit is used to record an increase in all of the following accounts except:

A) Accounts Payable
B) Service Revenue
C) Unearned Revenue
D) Wages Expense
E) Common Stock

Question

A credit is used to record an increase in all of the following accounts except:A) Accounts PayableB) Service RevenueC) Unearned RevenueD) Wages ExpenseE) Common Stock

Elijah Priest · Accepted Answer

Final Answer : D, Explanation :  A credit is used to record an increase in accounts such as Accounts Payable, Service Revenue, Unearned Revenue, and Common Stock, but not Wages Expense. Increases in expense accounts are recorded as debits.

A credit is used to record an increase in all of the following accounts except:

A) Accounts Payable
B) Service Revenue
C) Unearned Revenue
D) Wages Expense
E) Common Stock

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Learning Objectives

Learning Objectives

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