Question

Total Score is fine to write on these pages. When you show your work, I have the opportunity to award Please review your work to see that you have answered all questions. have enjoyed teaching your class this team. Good Skills and Good Luck! [1 point eac SELECT THE BEST RESPONSE 1-10. For each account, circle if the change is recorded as a Debit (Dr) or a Cred it (Cr) Increase in Cash Decrease in Accounts Payable Increase to Capital Increase to Unearned Revenue Decrease to Accounts Receivable Increase to Earned Revenue Dr Cr 1. Cr) CD Dr 2 Dr Cr Dr 4. 5. Cr Dr Cr Dr Increase to Rent Expense Decrease to Office Supplies Increase to Prepaid Rent Increase to Notes Payable Cr Dr 7 Cr Dr Cr 9 Dr Cr 10 Dr [1 point each MATCHING: Please find the best match by filling in the letter for the answer: Liabilities Owner's claim to the assets of a business Cost of selling goods or services Expected to benefit the business in the future Creditor's claim to the assets of a business Amounts earned from delivering goods or A BEquity Expenses 3 Revenues 4 E Assets services to customers Please find the best match: Balance Sheet Information on profitability fo A 6 Lists Assets, Liabilities and Eo B Trial Balance 7 Shows earnings kept and rei company Reports cash coming in and period Lists all accounts with the C 8 Statement of Cash Flows Statement of Retained Earn ings E 10 Income Statement 1

Answer 1

1	Increase in cash	Asset	Debit
2	Decrease in accounts payable	Liability	Debit
3	Increase in capital	Equity	Credit
4	Increase in unearned revenue	Liability	Credit
5	Decrease to accounts receivable	Asset	Credit
6	Increase in earned revenue	Income	Credit
7	Increase to rent expense	Expense	Debit
8	Decrease in office supplies	Asset	Credit
9	Increase to prepaid rent	Asset	Debit
10	Increase to notes payable	Liability	Credit
1	Owners claim to the assets of a business	B
2	Cost of selling goods and services	C
3	Expected to benefit the business in the future	E
4	Creditors claim to the asset of a business	A
5	Amount earned from delivering goods and services the customers	D
6	Balance sheet	B
7	Trial balance	E
8	Statement of cash flows	D
9	Statement of retained earnings	C
10	Income statement	A