11. On January 1,2011, Doolittle Company purchased a computer system for $5,670. The company expects to use the system for 3 years. The book value of the system at December 31, 2011 is A) SO. B) $1,890. C) $3,780. D) S5,670. 12. Sebastian Belle, CPA, has billed her clients for services performed. She subsequently receives payments from her clients. What entry will Sebastian make upon receipt of the payments? A) Debit Unearned Revenue and credit Service Revenue B) Debit Cash and credit Accounts Receivable C) Debit Accounts Receivable and credit Service Revenue D) Debit Cash and credit Service Revenue 13. On January 14, Edamame Industries purchased supplies of $700 on account. The entry to record the purchase will include A) a debit to Supplies and a credit to Accounts Payable. B) a debit to Supplies Expense and a credit to Accounts Receivable. C) a debit to Supplies and a credit to Cash. D) a debit to Accounts Receivable and a credit to Supplies. 14. At December 1,2012, Cursive Company's accounts receivable balance was $1,200. During December, Cursive had credit revenues of $4,800 and collected accounts receivable of $4,000. At December 31, 2012, the accounts receivable balance is A) $400 debit. B) $2,000 debit C) $400 credit. D) $2,000 credit. 15. On June 1, 2012 Ted Leo Le buys a copier machine for his business and finances this purchase with cash and a note. When journalizing this transaction, he will A) use two journal entries B) make a compound entry. C) make a simple entry. D) list the credit entries first, which is proper form for this type of transaction