1) If the Total Assets is equal to $13,560.33 and the total Liabilities is equal to $318.07, what is the value of the Equity Account(s)? a) $13,242.26 b)$13,560.33 c)$10,680.33 d)$318.07

2) A credit card is a liability, so its normal balance is a(n): a)sale b)debit c)payment d)credit

3) Rasha doesnt like how her Chart of Accounts is sorted and that she must scroll up/down to find accounts. What can she do to make it easier to find the accounts she needs?

a)She can use the Item List; accounts are much easier to find there.

b)Nothing; she'll just have to get used to it.

c)She can press [Ctrl]+[S] to open the Search feature and type in her account name.

d)She can click a column heading to sort that column.

4)

What account is debited when you make a deposit into Checking?

Group of answer choices

Income

Checking

Undeposited Funds

Notes Receivable