Question 8 Choose all the accounts that may appear on the post-closing trial balance? Common Stock Supplies Expense Income Summary O Dividends Cash Unearned Rent Fees Earned
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- In which of the following types of accounts are increases recorded by credits? Question 8 options: Revenue, Dividends Liability, Revenue Dividends, Asset Expense, LiabilityWhich of the following groups of accounts increase with a credit? Oa. assets, common stock, revenues Ob. common stock, revenues, expenses Oc. liabilities, common stock, revenues15 Which account would be increased with a debit? Multiple Choice Supplies Accounts Payable Common Stock Retained Earnings
- JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Adjusting Entries 2 3 4 5 6 7 8 9 10 11JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4 5 6 7 8 9 10 11 12 13Which of the following accounts is increased by a debit?A. Common StockB. Accounts PayableC. SuppliesD. Service Revenue
- Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the liquidity metric days’ sales in receivables and profiability metric return on sales.6. Discount on Note Payable should be classified as a a. current assetb. contra account to Notes Payablec. part of stockholders' equityd. deferred debitQuestion 33 Credits always increase which accounts? Assets, Liabilities and Common Stock Liabilities, Revenues and Common Stock O Assets, Dividends, Expenses O Revenues, Liabilities and Dividends
- Journal Entry on date of distribution * O DR. Cash Dividends Payable ; CR. Cash DR. Retained Earnings; CR. Cash Dividends Payable O DR. Dividends ; CR. Cash Dividends Payable O No entryWhich of the following accounts is increased by a debit? Common Stock Accounts Payable Inventory Service Revenue Long-Term DebtShttps://anu.instructure.comytourses/7789/quires/34131/take Question 7 Sps What is the impact on the accounting equatioon when an accunts receivable is collected? both sides increase both sides decrease only the Asset side changes the total of neither side changes Question 8 Spts
