Question 5 of 20 50 50 points which of the following

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  • EXAM 3
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  • Yankee7903
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Question 5 of 20 5.0/ 5.0 Points Which of the following entries records the investment of cash by John, owner of a sole proprietorship?
Question 6 of 20 5.0/ 5.0 Points The ledger is __________.
Question 7 of 20 5.0/ 5.0 Points When an owner records a credit for $650 for revenue earned but not yet received, the amount of the debit should be __________.
Question 8 of 20 0.0/ 5.0 Points A liability would be credited and an expense debited if __________. A. the business paid a creditor B. the business incurred an expense and did not pay the expense immediately C. the business bought supplies on account D. the business bought supplies for cash
Question 9 of 20 5.0/ 5.0 Points The beginning balance in the Computers account was $2,000. The company purchased an additional $1000 worth of computers. The balance in the account is __________.
B. credit of $3,000 C. debit of $3,000 D. credit of $2,000

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