6. Which principle requires companies to record revenues and the related expenses in the same accounting period? a. Matching Principle b. Revenue Recognition Principle c. Materiality Principle d. Financial Accounting Principle 7. Which account would appear in the current liabilities section of the balance sheet? a. Note receivable due in 6 months b. Accounts recelvable c. Note payable due in 18 months d. Salaries payable 8. Where does accumulated depreciation appear in the financial statements? a. Statement of cash flows b. Income statement c. Balance sheet d. Statement of stockholders equity 9. Gwen Company purchased manufacturing equipment for $89,000 on Dctober 31, 2020. Gwen Company estimates that the equipment will be worth $19,000 when they are done using it in 10 years. What will be the net book value of the equipment in Gwen Company's December 31, 2021 balance sheet? a. $87,833 b. $61,833 c. $75,000 d. $80,833 10. Bella Corporation borrowed $90,000 on July 31,2021 . The loan incurs 6% interest and is due in 2022. Which account and what dollar amount should Bella Corporation debit in the adjusting entry for interest on December 31, 2021? a. Interest expense for $2,250 b. Interest payable for $2,250 c. Interest expense for $2,700 d. Interest payable for $2,700 11. Where does Allowance for Doubtful Accounts appear in the financial statements? a. Statement of cash flows b. Income statement c. Balance sheet d. Statement of stockholders' equity 12. Alan Company paid a $50,000 dividend during 2021. On which financial statement does this appear? a. Balance sheet b. Statement of stockholders' equity c. Statement of cash flows d. Income statement