QUESTION 1

The Withholding Tax Payable account would decrease with:

Debit

Credit

4 points

QUESTION 2

The Notes Payable account would decrease with a:

Debit

Credit

4 points

QUESTION 3

The balance of the Cash account (Cash) is increased with a:

Debit

Credit

4 points

QUESTION 4

The accounting classification of the Consulting Services Income account is:

Active

Passive

Capital

Entry

Spent

Passive

Capital

Entry

Spent

4 points

QUESTION 5

The Depreciation Expense account would be increased by:

Debit

Credit

4 points

QUESTION 6

The Equipment count would decrease with a:

Debit

Credit

4 points

QUESTION 7

The accounting classification of the Cash account (Cash) is:

Active

Passive

Capital

Entry

Spent

4 points

QUESTION 8

The accounting classification of the Supplies account is

Active

Passive

Capital

Entry

Spent

4 points

QUESTION 9

The Rent Expense account would appear in:

Balance Sheet

Income Statement

Statement of Owner's Equity

4 points

QUESTION 10

The Equipment account (Equipment) would be increased with a:

Debit

Credit

4 points

QUESTION 11

The Inputs account (Supplies) would be increased with a:

Debit

Credit

4 points

QUESTION 12

The Depreciation Expense account would appear in the:

Balance Sheet

Income Statement

Statement of Owner's Equity

4 points

QUESTION 13

The normal balance of the Consulting Services Income account is:

Debit

Credit

4 points

QUESTION 14

The normal balance of the Allowance for Uncollectable Accounts account is:

Debit

Credit

4 points

QUESTION 15

The Consulting Services Income account will appear in:

Balance Sheet

Income Statement

Statement of Owner's Equity

4 points

QUESTION 16

The Consulting Services Income account would decrease with:

Debit

Credit

4 points

QUESTION 17

The Rent Expense account would decrease with a:

Debit

Credit

4 points

QUESTION 18

The Salary Expenses account would increase with a:

Debit

Credit

4 points

QUESTION 19

The accounting classification of the Accounts Payable account is a:

Active

Passive

Capital

Entry

Spent

4 points

QUESTION 20

The accounting classification of the FICA Tax Payable account is:

Active

Passive

Capital

Entry

Spent

4 points

QUESTION 21

The accounting classification of the Rent Expense account is:

Active

Passive

Capital

Entry

Spent

4 points

QUESTION 22

The Inputs account (Supplies) would decrease with a:

Debit

Credit

4 points

QUESTION 23

The normal balance of the Owners Capital account is a:

Debit

Credit

4 points

QUESTION 24

The Accumulated Depreciation account would be increased with a:

Debit

Credit

4 points

QUESTION 25

The accounting classification of the Accounts Payable account is:

Active

Passive

Capital

Entry

Spent

4 points