Question : 11) Which of the following accounts would be increased by : 1171156

11) Which of the following accounts would be increased by a debit?

A) Cash

B) Accounts Payable

C) Capital

D) Service Revenue

12) What is a proper entry to show the owner making an investment in the company?

A) A credit to Cash and a debit to Capital

B) A debit to Cash and a credit to Capital

C) A debit to Cash and a credit to Revenue

D) A credit to Cash and a debit to Revenue

13) Which of the following entries would be used to record the billing of fees earned?

A) Debit Accounts Receivable and credit Rental Fees

B) Credit Cash and credit Rental Fees

C) Debit Accounts Payable and credit Rental Fees

D) Debit Cash and debit Rental Fees

14) Which of the statements of the rules of debit and credit is true?

A) Decrease Accounts Receivable with a credit and the normal balance is a credit.

B) Increase Accounts Payable with a credit and the normal balance is a credit.

C) Increase Revenue with a debit and the normal balance is a debit.

D) Decrease Cash with a debit and the normal balance is a debit.

15) Which of the following entries records the investment of cash by John, owner of a sole proprietorship?

A) Debit John, Capital; credit Cash

B) Debit Cash; credit Revenue

C) Debit John, Withdrawals; credit Cash

D) Debit Cash; credit John, Capital

16) Dennis, owner of Dennis’s Golf Center, withdrew $900 in cash from the business. Record the transaction by:

A) debiting Dennis, Withdrawals, $900; crediting Cash, $900.

B) debiting Accounts Receivable, $900; crediting Cash, $900.

C) debiting Expense, $900; crediting Cash, $900.

D) debiting Dennis, Withdrawals, $900; crediting Dennis, Capital, $900.

17) The entry to record Tom’s payment of a home telephone bill is:

A) debit Accounts Payable; credit Telephone Expense.

B) debit Tom, Withdrawals; credit Cash.

C) debit Telephone Expense; credit Cash.

D) debit Tom, Withdrawals; credit Accounts Payable.

18) Extreme Home bought painting equipment on account for $3,000. The entry would include:

A) debit to Supplies Expense, $3,000; credit to Cash, $3,000.

B) debit to Equipment, $3,000; credit to Cash, $3,000

C) debit to Equipment, $3,000; credit to Accounts Payable, $3,000.

D) debit to Supplies Expense, $3,000; credit to Accounts Payable, $3,000.

19) The owner of BobCats R Us paid his personal MasterCard bill using a company check. The correct entry to record the transaction is:

A) credit Cash; debit Capital.

B) credit Cash; debit Supplies Expense.

C) credit Cash; debit Withdrawals.

D) credit Cash; debit Accounts Receivable.

20) Carrie flew to San Francisco on a business trip that will be reimbursed by her employer. The purchase price of the ticket was $500 and it was bought on account. The entry to record the transaction is:

A) debit Accounts Payable, $500; credit Travel Expense, $500.

B) debit Capital, $500; credit Accounts Payable, $500.

C) debit Travel Expense, $500; credit Accounts Payable, $500.

D) debit Travel Expense, $500; credit Cash, $500.