To increase the cash account, the bookkeeper will Select one: O a. debit cash O b....

Question

Question

To increase the cash account, the bookkeeper will Select one: O a. debit cash O b. credit cash O c. debit accounts receivable

Answer 1

Answer #1

Cash is the real asset, In case of real assets rule for journal entry is debit what comes in and credit what goes out.

Hence to increase cash account book keeper would debit the cash account

Therefore Option A is correct

Thank you

Answer 2

Similar Homework Help Questions

The entry to record the purchase of supplies on account is: Select one: O A. Debit...

The entry to record the purchase of supplies on account is: Select one: O A. Debit Cash, Credit Supplies O B. Debit Accounts Payable, Credit Supplies O C. Debit Supplies, Credit Cash O D. Debit Supplies, Credit Accounts Payable
Which of the statements of the rules of debit and credit is true? O A. Increase...

Which of the statements of the rules of debit and credit is true? O A. Increase Accounts Payable with a credit and the normal balance is a credit OB. Decrease Accounts Receivable with a credit and the normal balance is a credit. OC. Decrease Cash with a debit and the normal balance is a debit. OD. Increase Revenue with a debit and the normal balance is a debit. Click to select your answer. Tyne here to search Which type of...
Yellowstone Incorporated paid salaries of $5000. The debit entry is to Select one: O a. Retained...

Yellowstone Incorporated paid salaries of $5000. The debit entry is to Select one: O a. Retained earnings O b. Cash O c. Accounts payable d. Accounts Receivable e. None of the above

All the following accounts increase with a Debit except: Select one: a. Revenue b. Land c....

All the following accounts increase with a Debit except: Select one: a. Revenue b. Land c. Accounts Receivable d. Cash Clear my choice
A company received $8,500 from customers on account. The journal to record this transaction is: Select...

A company received $8,500 from customers on account. The journal to record this transaction is: Select one: O A. Debit cash, Credit Accounts Payable O B. Credit Cash, Debit Accounts Receivable C. Debit Cash, Credit Accounts Receivable • D. Debit Accounts Receivable, Credit Cash
In a merchandising business, when merchandise sold on account, a journal entry is booked to Debit...

In a merchandising business, when merchandise sold on account, a journal entry is booked to Debit to Accounts Receivable and Credit to Sales. In addition: Select one: O A. Cost of goods sold is debited and Merchandise inventory is credited. • B. Cost of goods sold is credited and Merchandise inventory is debited. C. Accounts Receivable is credited and Sales is debited. O D. None of the above.

If you debit Prepaid Insurance, you most likely will: O A. credit Cash. O B. credit...

If you debit Prepaid Insurance, you most likely will: O A. credit Cash. O B. credit Insurance Expense. O C. credit Capital. O D. credit Fees Earned. Sue's Book Review billed customers $550. The journal entry to record this transaction is: O A. Editing Fees, debit $550; Riley, Capital, credit $550 O B. Cash, debit $550; Riley, Accounts Receivable, credit $550 O C. Accounts Payable, debit $550; Editing Fees, credit $550 OD. Accounts Receivable, debit $550; Editing Fees, credit $550...
Blueline Incorporated had $10,000 in credit sales. The credit entry is to Select one: O a....

Blueline Incorporated had $10,000 in credit sales. The credit entry is to Select one: O a. Retained earnings O b. Accounts payable O C. Accounts Receivable O d. Cash O e. None of the above
A business paid $3,200 on account. The journal entry would: O A. debit Accounts Payable for...

A business paid $3,200 on account. The journal entry would: O A. debit Accounts Payable for $3,200 and credit Cash for $3,200. O B. debit Cash for $3,200 and credit Accounts Payable for $3,200 O C. debit Accounts Receivable for $3,200 and credit Revenue for $3,200 O D. debit Cash for $3,200 and credit Retained Earnings for $3,200.

Debiting accounts receivable Select one: O a. increases cash O b. decreases cash O c. increases...

Debiting accounts receivable Select one: O a. increases cash O b. decreases cash O c. increases accounts receivable d. decreases accounts receivable