QUESTION 1

a. Recording accrued revenue would require debiting a receivable. (True/False)

b. Adjusting deferred revenue to record income earned requires a debit to a liability account. (True/False)

c. Recording an accrued expense would require crediting a payable account. (True/False)

d. Recording a deferred expense would require debiting an asset account. (True/False)

e. The normal balance in an accrued revenue account would be a credit. (True/False)

f. Prepaid tax would be a deferred expense. (True/False)

g. Unearned income is a liability. (True/ False)

h. Recording an accrued expense, like wages payable, would require a debit to cash. (True/False)

i. Recording revenue earned but not yet received would require a debit to cash. (True/False)

j. Adjusting prepaid rent to recognioze an expense would require a debit to an asset account. (True/False)

k. The normal balance in a deferred expense account would be a credit. (True/False)