Question: Need help with basic financial system class. Question 21 (1 point) performing a service on account would include a: O debit to Cash O debit

 Need help with basic financial system class. Question 21 (1 point)

performing a service on account would include a: O debit to Cash

Need help with basic financial system class.

Question 21 (1 point) performing a service on account would include a: O debit to Cash O debit to Accounts Receivable O debit to Revenue O credit to Accounts Receivable Question 22 (1 point) The left side of a Taccount is always the side that increases the balance of the account. O True False Question 23 (1 point) which type of account is credited when a company pays its employees? O the owners' equity account O an expense account O a liability account O an asset account Question 24 (1 point) The purchase of land for cash would: O increase the total debits on the trial balance O increase total assets O decrease shareholders' equity O not affect the total of debits or credits on the trial balance Question 25 (1 point) The normal balance of the Dividends account is a because it decreases O credit, revenues O debit, liabilities O debit, assets O debit, shareholders' equity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!