Question 1 Consulting Revenue would appear on the: Balance Sheet Income Statemen

Question

Question 1

Consulting Revenue would appear on the:

Balance Sheet

Income Statement

Statement of Owner's Equity

4 points   

Question 2

Notes Receivable would appear on the:

Balance Sheet

Income Statement

Statement of Owner's Equity

4 points   

Question 3

Increase Accounts Payable with a:

Debit

Credit

4 points   

Question 4

The account classification for Allowance for Doubtful Accounts is contra:

Asset

Liability

Equity

Revenue

Expense

4 points   

Question 5

Increase Sales Tax Payable with a

Debit

Credit

4 points   

Question 6

The account classification for Common Stock is:

Asset

Liability

Equity

Revenue

Expense

4 points   

Question 7

The account classification for Allowance for Doubtful Accounts is contra:

Asset

Liability

Equity

Revenue

Expense

4 points   

Question 8

The normal balance for Equipment is:

Debit

Credit

4 points   

Question 9

Increase Common Stock with a:

Debit

Credit

4 points   

Question 10

Decrease Equipment with a:

Debit

Crdit

4 points   

Question 11

The normal balance for Cash is

Debit

Credit

4 points   

Question 12

The normal balance for Loss on the Sale of Equipment is:

Debit

Credit

4 points   

Question 13

Increase Interest Expense with a:

Debit

Credit

4 points   

Question 14

The account classification for Accumulated Depreciation is a contra:

Asset

Liability

Equity

Revenue

Expense

4 points   

Question 15

The normal balance for Interest Expense is:

Debit

Credit

4 points   

Question 16

Decrease Accounts Receivable with a:

Debit

Credit

4 points   

Question 17

Increase Machinery with a:

Debit

Credit

4 points   

Question 18

The normal balance for Supplies is:

Debit

Credit

4 points   

Question 19

Accounts Payable would appear on the:

Balance Sheet

Income Statement

Statement of Owner's Equity

4 points   

Question 20

The normal balance for Salaries Expense is:

Debit

Credit

4 points   

Question 21

The account classification for Consulting Revenue is:

Asset

Liability

Equity

Revenue

Expense

4 points   

Question 22

The account classification for Equipment is:

Asset

Liability

Equity

Revenue

Expense

4 points   

Question 23

The normal balance for Notes Payable is:

Debit

Credit

4 points   

Question 24

Utilities Expense would appear on the:

Balance Sheet

Income Statement

Statement of Owner's Equity

4 points   

Question 25

The account classification for Accumulated Depreciation is a contra:

Asset

Liability

Equity

Revenue

Expense

Balance Sheet

Income Statement

Statement of Owner's Equity

Explanation / Answer

As per Chegg guidelines we answer one question per post but I have answered many question Q1 Income Statement Q2 Balance Sheet Q3 Credit Q4 Asset Q5 Credit Q6 Equity Q7 Asset Q8 Debit Q9 Credit Q10 Crdit Q11 Debit Q12 Debit Q13 Debit Q14 Asset Q15 Debit Q16 Credit Q17 Debit Q18 Debit Q19 Balance Sheet Q20Debit Q21 Revenue Q22 Asset Q23 Credit Q24 Income Statement Q25Asset

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