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.