In Class quiz questions ch 1 to 4.docx - The account title used for recording the payment of rent in advance for an office building is A Prepaid Rent B

In Class quiz questions ch 1 to 4.docx - The account title...

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The account title used for recording thepayment of rent in advance for an officebuilding is A. Prepaid RentB. Rent PayableC. Rent RevenueD. Rent Expense To increase the Accountspayable account,a business would recorda to A/P.To increase the Revenueaccount,a business would recorda to Cash.• To increase the Expenseaccount, a business wouldrecord a to Expense.• To increase the Dividendaccount, a business wouldrecord a to Dividend.Which of the following decreases with a credit? Which of the following accounts increases with a credit? The Accounts Receivable account of Brownstone, Inc. hasthe following postings:Calculate the ending balance of the account
The following are selected current month's balancesfor Allbright Enterprises:Accounts Payable $8,000Revenue 12,000Cash 6,000Expenses 1,300Furniture 10,000Accounts Receivable 14,000Common Stock 7,250Notes Payable 4,050Based on this information, calculate is the totalamount of debits for the trial balance? A. $24,000B. $25,300C. $30,000D. $31,300

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