Which of the Following Account Titles Could Not Be Debited

question 80

Multiple Choice

Which of the following account titles could not be debited in the process of preparing closing entries for Andrew's Auto Shop?

• A) Income Summary.
• B) Fees Earned.
• C) Dividends.
• D) Retained Earnings.

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Definitions:

Demand

The willingness and ability of consumers to purchase a particular good or service at various prices.

Heart Attack

A medical condition resulting from the blockage of blood flow to the heart muscle.

Normal Good

A good for which demand increases as the income of the buyer increases, implying a positive relationship between income and demand.

iTunes Music

A media player, media library, Internet radio broadcaster, and mobile device management application developed by Apple Inc.