Which of the following increase owner"s equity?a> Expensesb> Revenuec> Withdrawalsd> Receiving cash indigenous customers


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A business pays a creditor top top account. The newspaper entry to record this transaction is:a> Debit account Payable; credit Cashb> Debit accounts Receivable; credit transaction Accounts Payablec> Debit Cash; credit Accounts Payabled> Debit accounts Receivable; credit transaction to Cash
The account provided to record increases in owner"s equity from the revenue of products or solutions isa> the revenue account.b> the Cash account.c> the resources account.d> the illustration account.
Which the the complying with groups contain just accounts that usually have credit balances?a> accounts Receivable and Fees Incomeb> earnings Expense and Accounts Payablec> Fees Income and John Smith, Capitald> accounts Payable and also Equipment
Which that the complying with represents the ideal sequence because that preparing the jae won statements.a> Balance sheet, statement of owner"s equity, revenue statement.b> earnings statement, balance sheet, declare of owner"s equity.c> earnings statement, declare of owner"s equity, balance sheet.d> statement of owner"s equity, earnings statement, balance sheet.
If assets room numbered from 100-199, i beg your pardon of the adhering to accounts would certainly not be provided a number in the 100 series?a> Suppliesb> accounts Payablec> Prepaid Rentd> account Receivable
A service purchases gives on account. The newspaper entry to document this transaction is:a> Debit to Cash; credit Suppliesb> Debit come Supplies; credit Accounts Receivablec> Debit Supplies; credit Accounts Payabled> Debit Supplies; credit transaction to Cash
The ending capital balance appears on i m sorry of the adhering to statement(s)?a> statement of owner"s equityb> income Statementc> explain of owner"s equity and also balance sheetd> declare of owner"s equity and also income statement
Credits are provided to recorda> reduce in assets and also owner"s equity and also increases in liabilities.b> reduce in assets, liabilities, and owner"s equity.c> reduce in liabilities and also increases in assets and owner"s equity.d> increases in liabilities and owner"s equity.
If assets space numbered from 100-199, i m sorry of the adhering to accounts would not be given a number in the 100 series?a> Suppliesb> account Payablec> Prepaid Rentd> account Receivable
The earnings Statement is prepared first because the Net revenue amount is a heat item on the Balance Sheet. True False
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