Question

Which of the following statements is​ correct? A. Unearned Revenue is increased with a debit. B. Rent Expense is increased with a credit. C. Accounts Payable is increased with a credit. D. Prepaid Expenses are decreased with a debit.

Answer 1

Answer:

C. Accounts payable is increased with a credit.

Step-by-step explanation:

Among the following the correct statement is option C that is Accounts payable is increased with a credit.

As liability account, Accounts payable is expected to have credit balance. A credit entry, will increase the balance in the accounts payable and a debit entry will decrease the balance.