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6. If Total Assets amounted to Owner's Equity would be? $275,000, and Total Liabilities amounted to $162,500, then Total a. $437,500, b. $447,300 c. $112,

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6. If Total Assets amounted to Owner's Equity would be? $275,000, and Total Liabilities amounted to $162,500, then Total a. $437,500, b. $447,300 c. $112, 500.. d. $385, s0o e. $337,500. list of accounts with outstanding account titles such as digit 1 for all Asset Accounts in order to make it easler to find the accounts in the ledgers is known as? a. The General Journal. b. Chart of Accounts. c. Cash Flow Statement. d. Balance Sheet. e. None of the above answers is correct. s. Which of the following accounts will always have Debit Balances ? a. a.Cash and Capital Accounts. Accounts Payable and Service Revenue. Accounts Receivable and Equipment. Salary Payable Note Payable. Interest Revenue and Bonds Payable. b. c. d. e. 9 and made a down payment of$15,000 Terranzaz Corporation purchased a vehicle for $40,000 in cash and agreed to pay the balance in 5 years. How would the Accountant for the Terranzas Corporation record this transaction in the Books of the corporation? a. Debit to cash for $40,000, Credit to Vehicles for $25, 000 and Credit Accounts Payable for $15,000. b. Debit Accounts s Payable for $15,000, Credit Cash for $25,000 and Credit Service Revenue for $40,000, c. Debit Vehicles for $40,000 and Credit Cash for $40,000 d. Debit Cash for $40,000 and Credit Vehicles for $40,000 e. Debit Vehicles for $40.e000 Credit Cash for $15,000, and Credit Note Payable $25,000. will fall under which of the categories we have studied in 10: Unearned Service Revenue class? a. Expenses. b. Revenues. c. Assets d. Liabilities e. Owner's Equity

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