Question: hey chegg expert its been a rough week, plz help your dude out... Question 1 How do you increase Revenues and Common Stock? O Debit

hey chegg expert its been a rough week, plz help your dude out...
hey chegg expert its been a rough week, plz help your dude
out... Question 1 How do you increase Revenues and Common Stock? O
Debit and Debit O Credit and Debit O Credit and Credit O
Debit and Credit A company had the following transactions: 1. Receive cash
in advance from customers, $400. 2. Provide services to customers on account,
$500. 3. Pay cash for maintenance costs in the current period, $100.
4. Incur (but do not pay) workers' salaries in the current period,
$200. Calculate accrual-basis net income from these transactions. O $500 O $600
O $300 O $400 O $200 Question 3 1 pts As of

Question 1 How do you increase Revenues and Common Stock? O Debit and Debit O Credit and Debit O Credit and Credit O Debit and Credit A company had the following transactions: 1. Receive cash in advance from customers, $400. 2. Provide services to customers on account, $500. 3. Pay cash for maintenance costs in the current period, $100. 4. Incur (but do not pay) workers' salaries in the current period, $200. Calculate accrual-basis net income from these transactions. O $500 O $600 O $300 O $400 O $200 Question 3 1 pts As of December 31 (end of the year), a company has utilities costs of $5,000 but does not pay for them. From the period January 1-15, additional utilities costs are $2,000, and then the full $7,000 is paid on January 20. What adjusting entry would be recorded on December 31? Debit Ulities Expense for $5,000. Credit Ulities Payable for $5,000 Debit Utilities Expense for $7,000, Credit Cash for $7,000 Debit Utilities Expense for $5,000, Credit Cash for $5,000 Debit Utilities Payable for $2,000, Credit Utilities Expense for $2,000 Debit Utilities Expense for $2,000, Credit Cash for $2.000 Question 4 1 pts Suppose a company provides services to customers in the current period but does not collect cash from those customers. How will the basic accounting equation be affected in the current year? Liabilities increase Assets increase O Expenses increase No effect in the current year Stockholders' equity decreases Question 5 In a bank reconciliation, which of the following would be added to the company's cash balance? Bank service fees. Checks outstanding. Deposits outstanding. NSF checks. Notes collected by the bank. D Question 6 1 pt A company purchased land for $200,000. The company paid cash for 20% of the selling price and signed a note for the remaining amount. How would the company record this transaction? o Debit Land $200,000: Credit Notes Payable $200,000 Debit Land $40,000: Credit Cash $40,000 Debit Land $200,000; Credit Cash $200,000 Debit Land $200,000; Credit Cash $40,000: Credit Notes Payable $160,000 Debit Cash $20,000; Debit Notes Payable $160,000: Credit Land $200,000 Question 7 If a company provides services for cash, which of the following is true? Dividends increase. Stockholders' equity increases. Liabilities increase. O Expenses increase. Assets decrease. D Question 8 The adjusting entry to record the expiration of insurance over the year would include: O A debit to Prepaid Insurance. A credit to Insurance Expense, O A credit to Insurance Payable. A credit to Prepaid Insurance O A credit to Cash Question 9 The sale of equipment for cash is considered a(n): Investing cash flow. Financing cash flow. O Not a cash flow. Operating cash flow

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