Multiple Choice Questions on debits and credits
2)The business wrote a check to the owner:
a)increase Withdrawals account.
b)decrease Withdrawals account
3)The business wrote a check to a vendor for supplies it had purchased on credit:
a)increase Accounts Payable account.
b)decrease Accounts Payable account
4)The business wrote checks to pay wages:
a)increase Wages Expense account.
b)decrease Wages Expense account.
1)b - cash is decreased and the cash account should be credited.
2)a - when money is taken out of the company to ...