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14) The below Payable The Uneamed Revenue is the amount of cash reccived for services to he rendered in Jemary 2020. The Interest Payable is

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14) The below Payable The Uneamed Revenue is the amount of cash reccived for services to he rendered in Jemary 2020. The Interest Payable is due on Febuary 15,2000. Whet are the sotal esurent Hahilnies of Elliott Company at December 31, 2019 A) $5,900 B) $ 10,700 C) $13,100 D) $11,900 15) What is the net result if the amouns of set income for the year is more then the amount of the owner's withdrawals? A) Owner Capital increases B) Cash balance decreases C) Cash balance increases D) Owner Capital decreases 16) An account that is NOT closed at the end of the pend is called ap)--- A) expense account B) temporary (ie, nominal) account C) permanent (i.e, real) account D) revenue account 17) Which of the following accounts will be closed by debising the lacome Summary account? A) Accounts Payable B) Service Revenue C) Accumulated Depreciation D) Depreciation Expense 18) Which of the following accounts has an ending balance equal to net incene inmediaidy before it is closed? A) Income Summary B) Owner, Withdrawals C) Net Income D) Owner, Capital

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