Indicate whether each of the following statements is true or false:
a. Under the accrual basis of accounting, when cash is collected on accounts receivable revenue is recorded.
b. Cash receipts from customers are debited to accounts receivable.
c. The cash basis of accounting recognizes expenses when they are incurred.
d. Under the cash basis of accounting, there is no such thing as a prepaid rent account.
e. Asset accounts and expense accounts have debit balances.
f. Credits increase asset accounts.
g. Revenues are recorded with credit entries.
h. Dividends are an expense of doing business and should appear on the statement of earnings.