ACC 232 fundamentals quiz

common stock is increased with _____ debit and decreased with ______

credit, debit

liabilities is increased with _____ and decreased with ______

credit, debit

retained earnings is increased with _____ debit and decreased with ______

credit, debit

revenue is increased with _____ debit and decreased with ______

credit, debit

dividends is increased with _____ debit and decreased with ______

debit, credit

expenses is increased with _____ debit and decreased with ______

debit, credit

dividends

dividends, shows up on retained earnings

interest expense

expense, shows up on income statement

wages expense

expense, shows up on income statement

accounts payable

liability, shows up on balance sheet

buildings

asset, shows up on balance sheet

assets is increased with _____ debit and decreased with ______

assets is increased with _____ and decreased with ______

Accounts Receivable

assets, shows up on balance sheet

service revenue

revenue, shows up on income statement

common stock

stockholders equity, shows up on balance sheet

retained earnings

stockholders equity, shows up on retained earnings and balance sheet