The Dividends account is: a. increased with a debit. b. decreased with a credit. c. not an expense account. d. All of the above. | Homework.Study.com (2024)

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• The dividend account: a. is increased with a debit. b. is decreased with a credit. c. is not an expense account. d. all of the above
• A debit is used to record which of the following? a. A decrease in an asset account b. A decrease in an expense account c. An increase in a revenue account d. An increase in a contributed capital account e. An increase in the dividends account
• Is the dividends account an asset, liability, equity, revenue, or expense account? Would a debit or a credit increase its account balance?
• The dividends account: A) Is increased with a credit entry B) Is decreased with a debit entry C) Normally has a credit balance D) Normally has a debit balance
• For the following account, determine whether the account increases with a debit or a credit: Dividends Payable.
• For the following account, determine whether the account increases with a debit or a credit: Dividends.
• For each item below, indicate whether a debit (DR) or credit (CR) applies. 1. Decrease in Prepaid Rent 2. Increase in Unearned Revenue 3. Increase in Accounts Payable 4. Increase in Dividends 5. Increase in Dividend Receivable 6. Increase in Wages e
• Which of the following accounts would not increase with a debit? a. Asset b. Liability c. Expense d. Dividends e. Loss
• Which of the following accounts increases with a credit? a. Dividends Paid. b. Asset. c. Retained Earnings. d. Loss. e. Expense.
• Owners' equity accounts are increased by A) Debits B) Expenses C) Credits D) The payment of dividends
• Debit entries are used to: a. increase asset accounts b. decrease expense accounts c. increase liability accounts d. increase revenue accounts
• Which of the following accounts decreases with a debit? a. Asset. b. Liability. c. Expense. d. Dividends Paid. e. Loss.
• What account affects the statement of retained earnings but does not affect the income statement? a. Revenues b. Expenses c. Dividends d. All of the above e. None of the above
• Which of the following accounts is increased with a credit? a. Rent expense. b. Inventory. c. Allowance for Doubtful Accounts. c. Dividends.
• A credit is used to increase which of the following accounts? a. Dividends. b. Insurance Expense. c. Cash. d. Service Revenue
• Which of the following is true? a. Prepaid expenses are increased by a credit. b. Gains are increased by a debit. c. Losses are increased by a credit. d. Accumulated depreciation is increased by a credit.
• If the Accounts Receivable account was decreased, would this be recorded as a debit or a credit?
• Which of the following accounts is increased by a credit entry? a. Sales revenues b. Salary expense c. Accounts receivable d. Dividends
• Expense accounts: a. are closed at the end of the accounting period. b. ultimately decrease retained earnings. c. increase with a debit. d. are income statement accounts. e. All of the above are correct.
• If the Unearned Revenue account was increased, would this be recorded as a debit or a credit?
• If the Salaries Expense account was increased, would this be recorded as a debit or a credit?
• A revenue account a. is increased with a debit. b. is decreased with a credit. c. is increased with a credit. d. has a normal balance of a debit.
• In accounting, does a debit to accounts payable increase or decrease the amount in the account? Explain
• An Account that would be decreased by a credit is: A) Cash. B) fees earned. C) capital. D) accounts payable.
• If the Utilities Expense account was increased, would this be recorded as a debit or a credit?
• Increases are entered on the credit side of a(n): a. asset account. b. liability account. c. expense account. d. drawing account.
• If the supplies account was increased, would this be recorded as a debit or a credit?
• A business uses a credit to record: A. An increase in an expense account. B. A decrease in an asset account. C. A decrease in an unearned revenue account. D. A decrease in a revenue account. E. A decrease in an equity account.
• Is the asset account Accounts Receivable decreased with a debit or a credit? Explain.
• In which of the following types of accounts are increases recorded by credits? a. liability, revenue b. dividends, asset c. expense, liability d. revenue, dividends
• Would an increase to Accounts Receivable be recorded as a debit or a credit?
• What is a debit used to record: A decrease in an asset A decrease in an expense account An increase in a revenue account An increase in the balance of common stock A decrease in the balance of re
• Accumulated depreciation: a. increases with a credit b. decreases with a credit c. increases with a debit d. is a temporary account
• Indicate how the following account can be increased or decreased. | Account | Increase | Decrease | Unearned Revenue | (debit or credit) | (debit or credit)
• The balance in Accounts Payable is decreased with a entry. a. debit b. credit
• If the owner's capital account was increased, would this be recorded as a debit or a credit?
• Which of the following is increased with a credit? A. Salaries Expense B. Prepaid Rent C. Dividends D. Salaries Payable
• The account used to record increases in stockholders' equity from the sale of goods or services is: A. the cash account. B. the stock account. C. the revenue account. D. the dividends account.
• Which of the following is true of the cash account? A) It normally has a credit balance. B) It is increased with credit entries. C) It is an owners' equity account. D) It is increased with debit entries.
• Does accumulated depreciation increase with a debit or credit?
• For the following account, determine whether the account increases with a debit or a credit: Retained Earnings.
• If the Salaries Payable account was increased, would this be recorded as a debit or a credit?
• Which of the following accounts is increased with a credit? a. Supplies Expense b. Supplies c. Sales Revenue d. Dividends
• Revenue and expenses increase by __________ respectively. a. debit and debit. b. credit and credit. c. debit and credit. d. credit and debit.
• The net income reported on the income statement for the current year was $245,000. Depreciation was $40,000. Account receivable and inventories decreased by $12,000 and $35,000, respectively. Prepaid expenses and accounts payable increased, respective
• The net income reported on the income statement for the current year was $255,000. Depreciation was $40,000. Account receivable and inventories decreased by $12,000 and $35,000, respectively. Prepaid expenses and accounts payable increased, respectively,
• An entry to the right side of an account is called a(n) A) Increase B) Credit C) Debit D) Decrease
• Is the cash account an asset, liability, equity, revenue, or expense account? Would a debit or a credit increase its account balance?
• Tim Company had sales of $30,000, an increase in accounts payable of $5,000, a decrease in accounts receivable of $1,000, increase in inventories of $4,000, and depreciation expense of $4,000. What w
• For the following account, determine whether the account increases with a debit or a credit: Accumulated Depreciation.
• Loster Company reported a net loss of $14,104 for the year ended December 31. During the year, accounts receivable decreased by $7,802, inventory increased by $7,499, accounts payable increased by $15,637, and depreciation expense of $6,487 was recorded.
• An increase in accounts payable will _____ cash flows. a. increase b. decrease c. have no effect on
• Which pair of accounts follows the rules of debit and credit in relation to increases and decreases in the same manner? a. Dividends Payable and Rent Expense b. Utilities Expense and Notes Payable c. Prepaid Insurance and Advertising Expense d. Service Re
• A credit is used to record: a. A decrease in a capital account. b. A decrease in a revenue account. c. A decrease in an asset account. d. A decrease in an unearned revenue account. e. An increase in an expense account.
• Expense accounts A) Are increased with credit entries B) Are increased with debit entries C) Normally have credit balances D) Are closed to the capital stock account
• Indicate how the following account can be increased or decreased. | Account | Increase | Decrease | Salaries Expense | (debit or credit) | (debit or credit)
• Net income$1,000 Depreciation and amortization350 Decrease (Increase) in accounts receivable(10) Decrease (Increase) in inventory200 Decrease (Increase) in prepaid expenses80 Increase (Decrease) in trade payables(300) Increase (Decrease) in taxes pa
• The accounting records of Baddour Company provided the data below: Net loss$4,900 Depreciation expense$6,200 Increase in salaries payable$450 Decrease in accounts receivable$2,125 Increase in
• Under a double-entry system, show how the entry in the following statement is entered in the ledger by using debit or credit to indicate the increase or decrease in the affected account: An increase in Dividends.
• The Dividends account a. appears on the income statement along with the expenses of the business. b. must show transactions every accounting period. c. is increased with debits and decreased with credits. d. is not a proper subdivision of stockholders' eq
• Is the Accounts Receivable account an asset, liability, equity, revenue, or expense account? Would a debit or a credit increase its account balance?
• Is the liability account Accounts Payable decreased with a debit or a credit? Explain.
• For the following account, determine whether the account increases with a debit or a credit: Unearned Fees.
• All of the following accounts are increased with a debit except: a. Unearned Revenues. b. Land. c. Accounts Receivable. d. Cash.
• To improve your cash flow, you can: a. decrease accounts payable b. increase accounts receivable c. decrease accounts receivable d. increase disbursem*nts
• A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n): a) Journal b) Trial balance c) Posting d) Account
• The net income reported on the income statement for the current year was $220,000. Depreciation was $50,000, Accounts receivable and inventories decreased by $10,000 and $30,000, respectively. Prepaid expenses and accounts payable increased, respectively,
• Bramble Corp. reported a net loss of $15,600 for the year ended December 31, 2017. During the year, accounts receivable decreased $7,800, inventory increased $12,480, accounts payable increased by $15,600, and depreciation expense of $9,360 was recorded.
• Indicate whether each of the following accounts has its account balance increased with a debit or a credit. a. Common Stock b. Accounts Receivable c. Utilities Expense d. Equipment e. Prepaid Rent f. Accounts Payable g. Dividends h. Cash i. Servi
• A debit is: a) An increase in an account. b) The right-hand side of a T-account. c) A decrease in an account. d) The left-hand side of a T-account. e) An increase to a liability account.
• If the owner's withdrawals account was increased, would this be recorded as a debit or a credit?
• If I record a debit to cash it will: a. have no effect on the account balance b. depend on the current balance as to if it increases/decreases c. decrease the account balance d. increase the account balance
• St. Joe's Inc. reported a $21,000 net loss for 2006. Below are the increases and decreases in selected accounts for 2006: Cash: $7,000 increase Accounts Receivable: $10,000 decrease Inventory: $2,000 decrease Prepaid Expense: $5,000 increase Dividend Paya
• The accounting records of Unlucky Company provided the data below. Net loss$43,500 Depreciation expense15,500 Increase in salaries payable14,500 Increase in accounts receivable4,700 Decrease in i
• For the following account, determine whether the account increases with a debit or a credit: Interest Expense.
• A debit increases the balance in all of the following accounts except for which one? A. Cash B. Withdrawals C. Expenses D. Accounts payable My answer is D
• Purchase of inventory on account will result in: a. increase in cash. b. decrease in inventory. c. increase in accounts payable. d. decrease in cash. e. decrease in accounts receivable.
• A revenue account a. is increased by debits. b. is decreased by credits. c. has a normal balance of a debit. d. is increased by credits.
• Is the Wages Expense account an asset, liability, equity, revenue, or expense account? Would a debit or a credit increase its account balance?
• Cinno company reported a net income of $20,000 for the year ended December 31, 2014. During the year inventories decreased by $7,000, accounts payable decreased by $8,000, depreciation expense was $10,000, and accounts receivable increased by $6,500. The
• In the statement of cash flows, which event would cause net income to be increased? A) A decrease in Inventory B) An increase in Prepaid Insurance C) A decrease in Accounts Payable D) An increase in Accounts Receivable
• A credit entry: A. increases asset and expense accounts and decreases liability, common stock, and revenue accounts. B. is always a decrease in an account. C. decreases asset and expense accounts and increases liability, common stock, and revenue accounts
• The accounts below appear in the ledger of Marigold Company. Retained EarningsDr. Cr. Bal. Jan. 1, 2017 Credit Balance$42,100 Aug. 15 Dividends (cash)$15,200 26,900 Dec. 31Net Income for 2017 $40,10067,000 EquipmentDr. Cr. Bal. Jan. 1, 2017Debit B
• The supplies expense account A) Normally has a credit balance B) Is increased with a credit entry C) Is increased with a debit entry D) Is decreased with a debit entry
• A debit memorandum on a bank statement indicates: A. A decrease in the bank's asset account. B. An increase in the bank's asset account. C. A decrease in the bank's liability account. D. An increase in the bank's expense account. E. An increase in th
• If the Service Revenue account was increased, would this be recorded as a debit or a credit?
• Why are expenses increased with a debit? A. They are always paid by cash, which is credited. Thus expenses are debited. B. They decrease stockholders' equity thus they are increased with a debit. C. They have the same rules of debits and credits as the re
• Which of the following accounts follows the rules of debit and credit, in relating to increases and decreases, in the opposite manner? a. prepaid insurance and dividends b. dividends and service revenue c. accounts payable and common stock d. advertis
• Which of the following increases cash? a. inventory b. increase in accounts receivable c. increase in accounts payable d. none of the above
• If I have dividends, I can Cr Dividends Payable, or cash. What do I debit, though? Is dividends its own contra account, or do I debit Equity?
• Is the Postage Expense account an asset, liability, equity, revenue, or expense account? Would a debit or a credit increase its account balance?
• For the following account, determine whether the account increases with a debit or a credit: Accounts Receivable.
• The accounting records of Baddour Company provided the data below. Net loss$4,900 Depreciation expense6,200 Increase in salaries payable450 Decrease in accounts receivable2,125 Increase in invent
• A decrease in accounts receivables will _____ cash flows. a. increase b. decrease c. have no effect on
• Why are expenses increased with a debit? a. They are always paid by cash, which is credited. Thus expenses are debited. b. They decrease stockholders' equity thus they increase with a debit. c. They have the same rules of debits and credits as the retaine
• Avatar Company Comparative Balance Sheet December 31, 2014 and 2013 | | 2014 | 2013 | increase/decrease | Accounts payable | $4,000 | $5,000 | $1,000 | Accrued liabilities | 4,000 | 1,300 | 2,700 | Long-term notes and payable | 55,000 | 67,000 | (12,000)
• Which of the following accounts follows the rules of debit and credit in relation to increases and decreases in the opposite manner? a) Prepaid Insurance and Dividends b) Dividends and Interest Revenue c) Interest Payable and Common Stock d) Advertisi
• Would a decrease to Unearned Revenue be recorded as a debit or a credit?
• Purchasing supplies on account [{Blank}] a(n) [{Blank}] account. a. decreases; asset b. increases; revenue c. decreases; expense d. increases; liability
• For the following account, determine whether the account increases with a debit or a credit: Goodwill.