1-1. The right side of a T account is also known as the a) debit side. b) credit side. c) asset side. d) liability side 1-2. Which of the following accounts normally has a debit balance? a) Accounts payable b) Retained earnings c) Land d) Sales revenue 1-3. Which of the following types of accounts appear on the Statement of Financial Posit and Statement of Income respectively? Permanent accounts Temporary accounts Permanent accounts Temporary accounts a) Permanent accounts b) Permanent accounts c) Temporary accounts d) Temporary accounts 1-4. Which of the following accounts would have a balance that carries over from on period to the next? a) Revenue b) Insurance expense c) Prepaid insurance d) Dividends declared 1-5. Which of the following is a listing of all the account balances at a specific poi a) the Statement of Income b) the chart of accounts c) the general ledger d) the trial balance 1-6. The sale of merchandise to a customer partly for cash and partly on accou require which of the following entries? a) Dr. Accounts receivable, Dr. Cash, Cr. Sales revenue b) Dr. Cash, Dr. Accounts payable, Cr. Sales revenue c) Dr. Cash, Cr. Sales revenue d) Dr. Accounts payable, Dr. Accounts receivable, Cr. Sales revenue