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9 June, 05:56

Which of the following accounts would be increased with a credit? a. Collins, Capital; Accounts Receivable; Unearned Revenue b. Land; Accounts Payable; Drawing c. Cash; Accounts Receivable; Collins, Capital d. Accounts Payable; Unearned Revenue; Collins, Capital

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  1. 9 June, 06:53
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    d. Accounts Payable; Unearned Revenue; Collins, Capital

    Explanation:

    As we know that the following accounts have a debit balance and credit balance. If they increase, then the respective accounts have same the debit balances and the credit balances

    Debit balances

    1. All types of assets

    2. Expense and losses

    Credit balances

    1. Stockholder equity

    2. All types of liabilities

    3. Revenues and gains
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