MUP U UCUNIS 22 D n 2 points each 48 points total) Select the best answer to each multiple choice question and record it on your scantron. 1. Accruing an expense: E1 a increases assets, increases stockholders' equity. b. increases assets, decreases stockholders' equity. e increases liabilities, increases stockholders' equity. d. increases liabilities, decreases stockholders' equity. 2. Stork Corporation's common stock is 555,000, total assets are $544,000, and liabilities are $408.000. What is the amount of the company's retained earnings? a $489,000 544000 b. $81,000 c. $191,000 13600D d. $136,000 Mariano's controller accidentally spills her coffee on her company's September 2019 records and can no longer read the September 1, 2019 balance for the Cash account. However, she can still see that the September 30, 2019 Cash balance is $486,000, total debits to the Cash account during September 2019 were $131,600, and total credits to the Cash account during September 2019 were $183,000. What was the September 1, 2019 Cash balance? a. $537,400. b. $486,000. c. $434,600. d. None of the above. e the following information about Astor Accountants to answer the next 2 questions. October 1, Astor Accountants, Inc. provides services and bills its client for $30,000 of consulting services. On Octol Astor Accountants, Inc. receives full payment of $30,000 from the customer. The journal entry to record the October 1 transaction will have the following effect on Astor Accountants, Inc.'s Financial statements: - Total Assets would decrease by $30,000. - Total Liabilities would increase by $30,000. Total Revenues would increase by $30,000. Total Stockholders' Equity would decrease by $30,000. e journal entry to record the October 10 transaction will have the following effect on Astor Accountants, In ancial statements: Total Assets would not change. Total Assets would decrease by $30,000. Total Assets would increase by $30,000. Total Revenues would increase by $30,000