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7. The owner's Withdrawals account appears on A) the statement of owner's equity only. B) the balance sheet only C) the income statement only. D)

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7. The owner's Withdrawals account appears on A) the statement of owner's equity only. B) the balance sheet only C) the income statement only. D) both the income statement and the balance sheet. 8. Which of the following accounts is increased with a debit? A) Rent Payabie B) Owner's Withdrawals C) Legal Fees Earned D) Owner's Capital 9. Which of the following accounts is increased with a credit? A) Owner's Withdrawals B) Fees Earned C) Supplies D) Suppies Expense 10. Which pair of accounts follows the rules of debit and credit in the same manner? A) Owner's Capital and Rent Expense B) Revenue from Services and Equipment C) Repair Expense and Notes Payable D) Prepaid Rent and Advertising Expense 11. Which pair of accounts follows the rules of debit and credit in the opposite manner? A) interest Payable and Owner's Capital B) Owner's Withdrawals and Medical Fees Eaned C) Advertising Expense and Land D) Prpaid Insurance and Owner's Withdrawals 12. Which of the following accounts is decreased with a debit? A) Notes Payable B) Interest Expense C) Cash D) Owner's Withdrawals

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