Question 6 (1 point)

Select the accrued expense.

a	Computers bought at the beginning of the year, debited to an expense account
b	Property taxes incurred during the year, to be paid in the first quarter of the following year
c	Any depreciation expense
d	Rent recognized during the period, to be received at the end of the year

Question 7 (1 point)

Equity is not affected by which of the following?

a	Revenue earned
b	Dividends declared
c	Expenses incurred
d	Cash received

Question 8 (1 point)

Which of the following describes a debit?

a	A decrease
b	An increase
c	The right side of an account
d	None of these

Question 9 (1 point)

In a given accounting period, if an expense has been incurred and consumed, but not yet paid for or recorded, then the end-of-period adjusting entry would involve which of the following?

a	An asset account and a liability account
b	An expense account and a contra asset or asset account
c	An expense account and a liability account
d	A revenue account and a receivable account

Question 10 (1 point)

Select the real (permanent) account.

a	Prepaid rent
b	Sales
c	Accounts receivable
d	Both prepaid rent and accounts receivable