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

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

  • Accounts Payable
  • Service Revenue
  • Unearned Revenue
  • Wages Expense
  • Owner’s Capital

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

Wages Expenses is an Expenses Account, for all expenses Accounts a debit entry will increase the balance and the Credit entry will decrease the Balance.

For Accounts Payables, Unearned Revenue, Service Revenue, and Owner’s Capital will increase for every Credit entry.

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