337 26. Net a) 15h of C) 21.000 D) $43,000 Cost of goods sold for the for the period was A) 516,000 B) $23,500. C) $20,000 D) $17.000. 28. Wages payable A) "True B) False Bes payable is a type of expense. 29. Another name for A) True B) False name for the ledger is the book of original entry. 30. An increase in A) True B) False ease in an asset is recorded by a debit. 31. Unearned revenues are ned revenues are classified as liabilities on the balanc A) True B) False 32. Owner's withdrawals are classified as an expense. A) True B) False 33. A decrease in a liability is recorded by a debit. A) True B) False