Which of the following accounts increases with a credit?
A.
Dividends
B.
Accounts Receivable
C.
Common Stock
D.
Prepaid Expense
Correct Option C i.e. Common Stock
Note : All other goven options i.e. Dividends, Accounts Receivable and Prepaid Expense increases with a debit.
Which of the following accounts increases with a credit? A. Dividends B. Accounts Receivable C. Common...
Which of the following accounts is increased with a credit? Multiple Choice O Accounts receivable Prepaid rent 0 Common stock O Dividends
15 Which of the following is considered an asset? A] Sales B] Accounts Receivable C Common Stock DI Accounts Payable [6 The first financial statement that is prepared is the: [A] Statement of Cash Flows. B Statement of Retained Earnings [C] Balance Sheet. D] Income Statement. 17] A type of asset in which a customer owes the company money would be a: [A] receivable. [B] payable. [C] sale. D] dividend 81 A T-account has a $698 credit balance. This account...
Which of the following accounts increases with a debit? O A. Common Stock OB. Accounts Payable O C. Interest Payable O D. Prepaid Rent
the correct order accounts receiable .a. C. Cash, inventories, accounts receivable, prepaid items O .b. A. Cash, accounts receivable, prepaid items, inventories O .c. B. Cash, accounts receivable, inventories, prepaid items .d. D. Cash, inventories, prepaid items, accounts receivable Craig Rusch Corporation reports the following information Net income $500,000 Dividends on common stock 140,000 Dividends on preferred stock 60,000 Weighted average common shares outstanding 100,000 Rusch should report earnings per share of The underlying theme of the conceptual framework is...
13 seconds. Status: Trial Balance wash Accounts Receivable Supplies Land Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense 10000 20000 5000 37000 11000 3000 44000 7000 15000 35000 6000 7000 100000 100000 === ======== == What are the total assets? $35,000 $72,000 $116,000 Click Save and Submit to save and submit. Click Save All A QUESTION 10 I bou ght office supplies on account. How do I record that? a. Office Supplies, debit:...
only final answers plz 15. The Accounts Receivable account has a beginning balance of $10,000 and the company provides services $50,000 on account during the month. If the company received cash payments from customers totaling $12,000 from customers during the month, what is the ending balance in the Accounts Receivable account? A. $50,000 B. $52,000 C. $48,000. D. $62,000. 16. When cash payments are made to stockholders, what is the effect on the company's accounts? A. Cash decreases and dividends...
1. Which of these accounts would not be present in the closing entries? a. Dividends Payable b. Utilities Expense c. Fees Earned Revenue d. Insurance Expense 2. Which account would be credited when closing the account for fees earned for the year? a. Income Summary b. Accounts Receivable c. Fees Earned Revenue d. Unearned Fee Revenue 3. Which of the following accounts is considered a temporary or nominal account? a. Fees Earned Revenue b. Prepaid Advertising c. Unearned Service Revenue...
Which of the following accounts has a normal credit balance? Notes Payable. Accounts Receivable. Dividends. Equipment.
The An accounting form that is used to record the increases and decreases in each financial statement item.accounts in the A group of accounts for a business.ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accounts have The normal balance of an account can be either a debit or a credit depending on whether increases in the account are recorded as debits or credits.normal balances. The balance of the cash account has...
Accounts $33,500 Payable Accounts 67,050 Receivable Cash Common 126,550 Stock Dividends 35,000 Fees Earned 558,700 Insurance 10,600 Expense Land 153,100 Miscellaneous 15,650 Expense Notes 73,000 Payable Prepaid 5,050 Insurance Rent Expense 106,200 Retained 29,900 Earnings Supplies 3,350 Supplies 13,950 Expense Unearned 15,200 Rent Utilities 74,850 Expense Wages 312,850 Expense a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry...