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Which of the following is incorrect as to category, normal balance, financial st

ID: 2364397 • Letter: W

Question

Which of the following is incorrect as to category, normal balance, financial statement, to increase, to decrease A) Cash - asset, debit, balance sheet, credit, debit B) Accounts Payable - liabilities, debit, balance sheet, credit, debit C) Common Stock - shareholders equity, debit, balance sheet, credit, debit D) Service Revenue - revenue, credit, income statement, debit, credit E) Dividend - expense, debit, retained earning, debit, credit F) All of these G) None of these plz explain the right answer and im confused with it

Explanation / Answer

D) Service Revenue - revenue, credit, income statement, debit, credit

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