In a double-entry accounting system: All accounts have normal debit balances A debit entry is recorded on the left side of an account. Liabilities common stock, and expense accounts all have normal credit balances A credit entry records an increase man account Which one of the following statements is true A stock split decreases par value. A stock split decrease the number of share issued. A stock split decreases total stockholders' equity. A stock split increases total stockholders' equity. Current liabilities are due but not receivable for more than one year. but not payable for more than one year. and receivable within one year. and payable within one year. The amount of stock that may be issued according to the corporation's charter is referred to as the authorized stock. issued stock. unissued stock. outstanding stock. If the market rate of interest is higher than the stated interest rate, the bonds will sell at face value. a premium. a discount. an unknown amount. Which of the following would not be included in the Equipment account? Installation costs Freight Costs Cost of trial runs Electricity used by the machine The interest charged on a $100,000 note payable, at the rate of 12%, on a 90-day note would be $12,000. $4,000. $3,000. $1,000