![Question 1 3.5 pts For each account listed below, determine if the account is increased or decreased by a debit. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because canvas randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore, exercise caution when entering your answers into canvas. Quiz scores will not be adjusted for errors in entering choices. retained earnings [Choose] patent [ Choose] accounts payable Choose ] gain on sale of land [Choose ] dividends Choose ] cost of goods sold [ Choose accumulated Choose ] depreciation](http://img.homeworklib.com/questions/a8e96600-60da-11eb-9456-53c5b31e12a6.png?x-oss-process=image/resize,w_560)
Homework Answers
Identify :
| Retained earning | Decrease |
| Patent | Increase |
| Account payable | Decrease |
| Gain on sale of land | Decrease |
| Dividends | Increase |
| Cost of goods sold | Increase |
| accumlated depreciation | Decrease |
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Question 1 3.5 pts For each account listed below, determine if the account is increased or...
Question 1 2.5 pts For each account listed below, determine if the account is decreased by...
Question 1 2.5 pts For each account listed below, determine if the account is decreased by a debit or a credit. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore,...
Question 1 8 pts For each account listed below, determine if the account is decreased by...
Question 1 8 pts For each account listed below, determine if the account is decreased by a debit or a credit. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore,...
For each account listed below, determine if the account is increased by a debit or a...
For each account listed below, determine if the account is increased by a debit or a credit. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore, exercise caution when entering...
*The answers in the picture are my educated guesses For each account listed below, indicate whether...
*The answers in the picture are my educated
guesses
For each account listed below, indicate whether it is a nominal account or a permanent account. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches...
Question 2 3 pts For each transaction listed below, indicate where it would be presented on...
Question 2 3 pts For each transaction listed below, indicate where it would be presented on the statement of cash flows. Select your answer by clicking in the drop down box to the right of each transaction. Answer choices may be used once, more than once, or not at all. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week,...
For each statement below, indicate whether a debit or credit is appropriate by clicking in the...
For each statement below, indicate whether a debit or credit is appropriate by clicking in the drop down box to the right of each statement. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore, exercise caution when entering your answers into carmen. Quiz scores will not...
Question 5 6 pts On May 1, 2019, ABC Company purchased a three-year insurance policy for...
Question 5 6 pts On May 1, 2019, ABC Company purchased a three-year insurance policy for $5,400. Indicate if each of the following statements is true or false by clicking in the drop down box to the right of each statement. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches...
For each transaction listed below, indicate where it would be presented on the statement of cash...
For each transaction listed below, indicate where it would be presented on the statement of cash flows. Select your answer by clicking in the drop down box to the right of each transaction. Answer choices may be used once, more than once, or not at all. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely...
The following information was taken from the accounting records of ABC Company for the period ended...
The following information was taken from the accounting records of ABC Company for the period ended January 31, 2019: Cash Retained Earnings Advertising Expense Cost of Goods Sold Rental Revenue Accounts Payable Common Stock Accumulated Depreciation $17,000 Accounts Receivable Income Tax Expense Inventory Wage Expense Sales Revenue Trademark Buildings and Land $29,000 $66,000 Cat January 1, 2019) $17,000 $36,000 $11,000 $38,000 $72,000 $45,000 $14,000 $51,000 $12,000 $93,000 $10,000 $83,000 Calculate the amount of net income earned by ABC Company in...
For each account listed below, indicate whether it is a nominal account or a permanent account....
For each account listed below, indicate whether it is a nominal account or a permanent account. Select your answer by clicking in the drop down box to the right of each account. Group of answer choices retained earnings [ Choose ] nominal account permanent account prepaid insurance [ Choose ] nominal account permanent account cost of goods sold ...
Question 1 2.5 pts For each account listed below, determine if the account is decreased by a debit or a credit. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore,...
Question 1 8 pts For each account listed below, determine if the account is decreased by a debit or a credit. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore,...
For each account listed below, determine if the account is increased by a debit or a credit. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches will be different. Therefore, exercise caution when entering...
*The answers in the picture are my educated
guesses
For each account listed below, indicate whether it is a nominal account or a permanent account. Select your answer by clicking in the drop down box to the right of each account. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches...
Question 2 3 pts For each transaction listed below, indicate where it would be presented on the statement of cash flows. Select your answer by clicking in the drop down box to the right of each transaction. Answer choices may be used once, more than once, or not at all. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week,...
Question 5 6 pts On May 1, 2019, ABC Company purchased a three-year insurance policy for $5,400. Indicate if each of the following statements is true or false by clicking in the drop down box to the right of each statement. Be careful with matching questions because carmen randomizes the matches. Thus, if you print out the quiz to work on it and then enter your answers later in the week, it is very likely the order of the matches...
The following information was taken from the accounting records of ABC Company for the period ended January 31, 2019: Cash Retained Earnings Advertising Expense Cost of Goods Sold Rental Revenue Accounts Payable Common Stock Accumulated Depreciation $17,000 Accounts Receivable Income Tax Expense Inventory Wage Expense Sales Revenue Trademark Buildings and Land $29,000 $66,000 Cat January 1, 2019) $17,000 $36,000 $11,000 $38,000 $72,000 $45,000 $14,000 $51,000 $12,000 $93,000 $10,000 $83,000 Calculate the amount of net income earned by ABC Company in...
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