1.prepaid rent expense is a contra-asset with a normal balance of debt

true or false?

2. The cost of an asset less accumulated depreciation equals

a) residual value

b) original cost

c)depreciation expense

d)depreciable value

3. The adjustment for wages earned but not yet paid is

a)debit wages expense, credit cash

b)debit wages payable, credit wages expense

c)debit wages payable, credit cash

d)debit wages expense, credit wages payable