Question

Question 9 of 10

How should an annual business license fee be recorded in a journal entry?
A. As a credit, because it is an increased liability
B. As a credit, because it creates equity
C. As a debit, because it is an increased expense
D. As a debit, because it is a loss
SNBMIT

Answer 1

Step-by-step explanation:

As a debit, because it is an increased expence