1-Cargo Transport earned revenue on account. The earning of revenue on account is recorded by a:

Select one:

a. Debit to Cash and a credit to Revenue.

b. Debit to Accounts Payable and a credit to Revenue.

c. Debit to Accounts Receivable and a credit to Revenue.

d. Debit to Revenue and a credit to Accounts Receivable.

2-The purpose of a Trial Balance is to:

Select one:

a. Ensure that all transactions have been recorded

b. List all accounts with their balances

c. Increase assets and owner's equity

d. Speed the collection of cash receipts from customers

3-The account credited for a receipt of cash on account

Select one:

a. Accounts Payable

b. Cash

c. Service Revenue

d. Accounts Receivable

4-A building-cleaning firm began October with supplies of $280. During the month, the firm purchased supplies of $300. At October 31, supplies on hand total $190. Supplies expense for the period is:

Select one:

a. $300

b. $190

c. $390

d. $580

5-The matching principle provides guidance in accounting for:

Select one:

a. Owner's equity

b. Assets

c. Liabilities

d. Expenses

6-The adjusting entry to accrue salary expense:

Select one:

a. Debits Salary Expense and credits Cash

b. Debits Salaries Payable and credits Salary Expense

c. Debits Salary Expense and credits Salary Payable

d. Debits Salaries Payable and credits Cash