BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A credit will decrease this asset’s account balance. Unearned Revenue is a liability account and its balance will be decreased with a debit. Since Unearned Revenue is a liability account, you need to DEBIT this account in order to decrease its balance.

Detailed explanation-2: -In asset accounts, a debit increases the balance and a credit decreases the balance. For liability accounts, debits decrease, and credits increase the balance. In equity accounts, a debit decreases the balance and a credit increases the balance.

Detailed explanation-3: -What is a debit? A debit entry increases an asset or expense account. A debit also decreases a liability or equity account.

Detailed explanation-4: -Explanation: Cash possesses a current asset nature; thus, it has a debit balance which corresponds to a decrease with credit in accounting.

Detailed explanation-5: -You would debit (reduce) accounts payable, since you’re paying the bill.