13. Identify which of the following parties would not be involved in maintaining internal controls.
A	employees
B	managers
C	owners
D	banks
14. If a business issues a check for $100 to purchase office supplies, what is the effect on the accounting equation?
A	Owners Equity will increase
B	Assets will decrease
C	Owners Equity will decrease
D	Total Assets will remain the same
15. At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $12,200; Prepaid Insurance, $440; Equipment, $27,900 and Cash, $22,500. On the same date, SloMo owed the following creditors: Simpson Supply Company, $18,700; Allen Office Equipment, $16,200. The total assets for the SloMo Delivery Service are:
A	$63,040
B	$35,140
C	$34,700
D	$50,400
16. If the beginning capital balance for Williams Consulting Service is $23,000, net income is $4,000, and the ending capital balance is $20,000, what were the withdrawals for the period?
A	$1,000
B	$3,000
C	$7,000
D	$20,000
17. At the end of the first month of operations for Jacksons Catering Service, the business had the following accounts: Cash, $21,000; Prepaid Rent, $500; Equipment, $7,500 and Accounts Payable $4,000. By the end of the month, Jacksons had earned $32,000 of Revenues, and used $1,800 of Utilities Expenses, $4,000 of Rent Expense and $3,600 of Salaries Expenses. Calculate the net income to be reported by the company for this first month.
A	$32,000
B	$22,600
C	$26,200
D	$23,100
18. The journal entry to record a payment made in January for rent for the months of February and March would include:
A	a debit to Rent Expense, and a credit to Sue Snow, Capital.
B	a debit to Prepaid Rent and a credit to Cash
C	a debit to Rent Expense and a credit to Cash.
D	a debit to Sue Snow, Drawing and a credit to Rent Expense.