Question 9 of 20 00 50 points the business bought

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Question 9 of 20 0.0/ 5.0 Points The business bought supplies on account. To record this __________. A. an expense is debited and a liability is credited B. an asset is debited and an asset is credited C. an asset is debited and a liability is credited D. None of the above answers are correct.
Question 10 of 20 5.0/ 5.0 Points A debit increases the balance in all of the following accounts, except __________.
Question 11 of 20 5.0/ 5.0 Points Office Supplies had a normal starting balance of $75. There were debit postings of $80 and credit postings of $60 during the month. The ending balance is __________.
Question 12 of 20 0.0/ 5.0 Points A liability would be credited and an expense debited if __________.
Question 13 of 20 0.0/ 5.0 Points What would be the effect on accounts if the owner withdrew cash? A. An asset would be debited and an expense credited. B. Withdrawals would be debited and an asset credited.
1/31/2016 Ashworth College : A01.V.10.1 Introduction to Accounting : Exams & Quizzes C. An asset would be debited and a revenue credited. D. An asset would be debited and Capital credited. Question 14 of 20 0.0/ 5.0 Points The ledger is __________.
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