A. Accounts Receivable(esion slauluM)B. Accounts PayableD. Owner's InvestmentgbomeA credit to accounts payable is balanced with a debit to what account5.A. Wages PayableB. Fees EarnedC. Cost of Goods SoldyeldevgD. Cashibe1o AA debit to supnlia credit to what account,varr De valanceueeneqa aepeWA. Fees UnearnedB. Accounts ReceivablebuntmueedC. Accounts Pavable69 einuoooAhorwCash7. a A debit to cash can be balanced by a credit to what account.s dashebitA. Utilities ExpenseB. Owner's WithdrawalsuneveC. Unearned RevenueDividaldeyabnebiviD. Accumulated Depreciationocount70

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Asked Feb 11, 2020
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A. Accounts Receivable
(esion slauluM)
B. Accounts Payable
D. Owner's Investment
gbome
A credit to accounts payable is balanced with a debit to what account
5.
A. Wages Payable
B. Fees Earned
C. Cost of Goods Sold
yeldevg
D. Cash
ibe1o A
A debit to supnli
a credit to what account,
varr De valanceu
eeneqa aepeW
A. Fees Unearned
B. Accounts Receivable
buntmueed
C. Accounts Pavable
69 einuoooA
horw
Cash
7. a A debit to cash can be balanced by a credit to what account.s dashebit
A. Utilities Expense
B. Owner's Withdrawals
uneve
C. Unearned Revenue
Dividaldeyabnebivi
D. Accumulated Depreciation
ocount
70
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A. Accounts Receivable (esion slauluM) B. Accounts Payable D. Owner's Investment gbome A credit to accounts payable is balanced with a debit to what account 5. A. Wages Payable B. Fees Earned C. Cost of Goods Sold yeldevg D. Cash ibe1o A A debit to supnli a credit to what account, varr De valanceu eeneqa aepeW A. Fees Unearned B. Accounts Receivable buntmueed C. Accounts Pavable 69 einuoooA horw Cash 7. a A debit to cash can be balanced by a credit to what account.s dashebit A. Utilities Expense B. Owner's Withdrawals uneve C. Unearned Revenue Dividaldeyabnebivi D. Accumulated Depreciation ocount 70

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Step 1

Rules of Debit and Credit:

Following rules are followed for debiting and crediting different accounts while they occur in business transactions:

  • Debit, all increase in assets, expenses and dividends, all decrease in liabilities, revenues and equities.
  • Credit, all increase in liabilities, revenues, and equities, all decrease in assets, and expenses.
Step 2

5.

When accounts payable gets credited then the appropriate debit account would be cash. Because Accounts Payable is recorded when a company owes money for any service received from vendor. Some companies use both these accounts interchangeably. Accoun...

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