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13. Which of the following accounts is decreased with a credit? A) Rent Expense B) Advertising Fees Eaned C) Unearned Art Fees D) Owner's Capital

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13. Which of the following accounts is decreased with a credit? A) Rent Expense B) Advertising Fees Eaned C) Unearned Art Fees D) Owner's Capital 14. A withdrawal by the owner of a business will A) decrease net income. B) decrease owner's equity C) increase liabilities. D) not affect total assets. A transaction in which six months' rent is paid in advance results in a credit to Cash and a debit to A) Prepaid Rent. B) Rent Revenue. C) Rent Receivable. D) Rent Expense. 15. 16. A company that receives money in advance of performing a service A) debits Cash and credits Accounts Receivable. B) debits Cash and credits Unearned Fees. C) debits Cash and credits Prepaid Fees. debits Unearned Fees and credits Accounts Payable. D) When a company has performed a service but has not yet received payment, it A) debits Revenue from Services and credits Accounts Payable. B) makes no entry until the cash is received. C) debits Accounts Receivable and credits Revenue from Services. D) debits Revenue from Services and credits Accounts Receivable 7. . Which of the following transactions increases both assets and owner's equity? A) Payment received from a credit customer B) Received a bank loan C) Owner withdrawal of cash D) R endered a service,payment not yet received

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