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ABC Acc 101 Test 1 FALL 2021_STUDENT - Excel Amanda Castle AC X File Home Insert Draw Page Layout Formulas Data Review View Help Tell me what you want to do Share AutoSum Times New Roman * 12 A A ab Wrap Text General EX AY O Fill Paste BIU~ ~ Merge & Center $ % " Conditional Format as Cell Insert Delete Format Sort & Find & 9.0 Formatting * Table Styles Clear * Filter ~ Select Clipboard Font Alignment Number Styles Cells Editing X V If Owner's equity has decreased by $12,000 and Assets have increased by $9,000 A B C D E F G H K L M N O P Q R S T U A 22 purchase price. 23 24 7 What is the purpose of accounting? 2 points 25 26 27 8 Calculate the ending balance of the following T-Account: 28 4 points 29 30 112 31 78 32 40 33 34 12 points 35 9 36 Idendity each of the following accounts as "A" for asset, "L" for Liability or "OE" for Owner's Equity 37 R" for Revenue, "E" for Expense and Identify the Normal Balance 38 A,L, or OE DR or CR A,L, or OE DR or CR 39 1 Supplies 7 Vehicle 40 2 Accounts Receivable 8 Service Income 41 3 Unearned Revenue 9 Joel Ray Capital Utilities Expense 10 Prepaid Rent 11 Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 + Ready Count: 3 + 100% 3:50 PM Type here to search O 13 W 66 F Sunny 10/16/2021 56