1.What type of account is accumulated depreciation?

A. Contra Liability

B. Asset

C. Liability

D. Contra Equity

E. None of the above

2. Which of the following accounts does NOT have the normal balance?

A. Cash--1,000 debit

B. Accounts Receivable--1,000 debit

C. Accumulated Depreciation--1,000 credit

D. Depreciation Expense--1,000 debit

E. Bright, Capital--120,000 debit

3. If the balance in Reyes Withdrawals is 4,000 Debit what is the closing entry to close the withdrawals account?

A. Dr. Reyes, Withdrawals 4,000 Cr. Reyes Capital 4,000

B. Dr. Income Summary 4,000 Cr. Reyes, Capital 4,000

C. Dr. Reyes, Capital 4,000 Cr. Reyes, Withdrawals 4,000

D. Dr. Reyes, Capital 4,000 Cr. Income Summary 4,000

E. None of the above

4. In Nicky Company's balance sheet, the balance for cash, a permanent account, is $11,000 at the close of business on December 31, 2018 and $12,500 at December 31, 2019. What is the balance in cash on the balance sheet at the beginning of business on January 1, 2020?

A. 1,000

B. 10,000

C. 11,000

D. 12,500

E. None of the

5. At December 31 Company X had earned $2,000 for landscape services completed for Company Y. Company Y has stated that they will pay Company X on January 15. What is the adjusting journal entry to record this adjustment?

A. Dr. Accounts Payable 2000; Cr. Service Revenue 2000

B. Dr. Service Revenue 2000; Cr. Accounts Receivable 2000

C. Dr. Accounts Receivable 2000; Cr. Cash 2000

D. Dr. Cash 2000; Cr. Service Revenue 2000

E. None of the above

6. On January 1Company A purchases for 4000 an insurance policy that covers four years. What is the adjusting journal entry to record the insurance expense for one year?

A. Dr. Prepaid Insurance 1000; Cr. Cash 1000.

B. Dr. Cash 1000; Cr. Insurance Expense 1000.

C. Dr. Cash 1000; Cr. Prepaid Insurance 1000

D. Dr. Prepaid Insurance 1000; Cr. Insurance Expense 1000?.

E.None of the above

7. At February 28, 2019, Company A made the following adjusting entry: Dr. Salaries Expense 200 Cr. Salaries Payable 200. At March 1, 2019 what is the reversing entry for this adjusting entry?

1. What type of account is secumulated depreciation CAC Lubin CD.Com Nome of these 2. Which of the following account does NOT have the cornal balnece? CA Cab-1.000 de B. Howe C Arrud Depecistice-1.000 condit D. Deprecate Eqerse 1,0 LC-120.000 3. El the balance in Reyer Withdreals s 4,000 Debit start in the cloning moty to close the withdrawal D 12.500 Ne of the At December 31 Compay X had come $2.000 for reducepe services completed for Company Y. Com pany has stated that they will pay Company X o Samary 15. What is the adjusting Journal atry to record ilus adjustment? De Armas de 2000, CSR 2000 B. De Service er 300C Arco Recetalle 2000 C De Arome 2000, 2000 DEC 2008G. Serie Revente 2000 Neve 6. Onary Company Apurch for 4000 in se policy that comes for years. What the susting journal entry to record the insurance expense for one year? CAD Prepa 2000 C1000 ca Ceca 000 CBC 100. Crepe De Prepare 1000 lumelis 10002 Nefer 7. Af February 28, 2019. Company Atrade the following adjusting entry De Salaries Expense 200 C. Salaries Payable 200. At March 1, 2019 what is the reversing entry for this adjusting entry? A.De Sales Expee 2006 Septe200 De Salle 200 S200 rc De Palet 200 DD: Can Selanie 200 Ne sco Dr Heyes. With or Reves Costel CB Demary .NOG Rom. Cel 4300 Dr. Resep Reyes Widaws 4.000 Dr Heyes. Capital 4000 tlace my 4.000 Now of the 4. In Nicky Company's balance sheet the balance for each, a permanent accent, is $11,010 at the close of business on December 31, 2018 and $12.500 at December 31, 2019. What is the balance in cash on the balance sheet at the beginning of business may 1, 2020 A 1000 100 CCINO