Accounting Assignment | College Homework Help

ces for a client in December. A dan e-transfer on January 5. The unts appears on the balance 7. Richard Bains, a professional accountant, performed accounting services for a clienti bill was mailed to the client on December 30. Richard received an e-transfer on bith of the following accounts appears on Revenue recognition principle requires that which of the sheet at December 31?College Homework Help
a) Prepaid expense by Accounts receivable c) Unearned revenue d) Accounts payable $2.000 down payment and issuing a 8. A business acquires equipment costing $10,000 by making a $2,000 down pa note for the balance. This transaction will cause: a) Notes payable to be debited for $8,000 b) Cash to be credited for $8,000 – Equipment to be debited for $10,000 d) Equipment to be credited for $8,000 9. Purchasing supplies on account would include a: a) Debit to supplies and a credit to accounts payable b) Debit to supplies and a credit to notes payable
c) Debit to supplies and a debit to accounts payable d) Debit to supplies and a credit to cash 10. Unearned revenue has: a) Not been earned but the cash has been received b Been earned and the cash has been received c) Been earned but the cash has not been received d) Not been earned nor has the cash been received 11. The accounts that appear on a post-closing trial balance are: al Revenues, expenses, and capital b) Assets, liabilities, and expenses c) Assets, liabilities, and capital d) Assets, liabilities, drawings, and revenues Get Accounting Homework Help Today

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