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179) The owner of an office building should credit to: as a debit to Cash and a report rent collected in advance C) An asset

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179) The owner of an office building should credit to: as a debit to Cash and a report rent collected in advance C) An asset other than Cash. B) A liability D) Stockholders' equity 180) For a yourma vee, Iacrease in D Increase in Revenue, try with only two lines, the following entry is Increase in Dis the following entry is valid A) False )For a journal entry with only two lines, the following en Increase in Owners' Equity, Decrease in Dividen B) True entry is valid B) False A) True 182) The following table ng entries: e contains financial information for ABC before closing in Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock $12,000 4,500 2,000 4,500 65,000 20,000 3,000 5,000 68,000 8,000 Retained Earnings What is the amount of ABC's total assets? A) $83,500 B) $82,500 C) S68,500. D) $81,500. 183) For a journal entry with only two lines, the following entry is valid: Decrease in Revenue, Increase in Expense. A) True B) False 184) For a journal entry with only two lines, the following entry is valid: Increase in one Expense, Decrease in another Expense. A) True B) False 25

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