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Question 7 of 1010.0/ 10.0 PointsA $150 debit to Office Equipment was entered in the account as a $150 credit. This error caused the trialbalance to be out of balance by:A.$75B.$150C.$450D.$300E.None of theseAnswer Key: DQuestion 8 of 1010.0/ 10.0 PointsA purchase of an asset for immediate consumption that will not be paid for until next month would cause liabilities to increase and stockholders’ equity to decrease this month.
Question 9 of 1010.0/ 10.0 PointsExpenses for an accounting period are:Question 10 of 100.0/ 10.0 PointsA company received $600 for services performed in the current period. What is the entry?