9. When a journal entry is made to the left side of a T account, that entry is called a .

a. T adjustment entry

b. Ledger adjustment entry

c. Credit entry

d. Debit entry

10. Which of the following describes the impact of a credit entry?

a. Assets Liabilities Owners Equity Revenues Expenses

b. Assets Liabilities Owners Equity Revenues Expenses

c. Assets Liabilities Owners Equity Revenues Expenses

d. Assets Liabilities Owners Equity Revenues Expenses

11. Which of the following describes the impact of a debit entry?

a. Assets Liabilities Owners Equity Revenues Expenses

b. Assets Liabilities Owners Equity Revenues Expenses

c. Assets Liabilities Owners Equity Revenues Expenses

d. Assets Liabilities Owners Equity Revenues Expenses

12. In which type of business entity do general partners manage the business and bear liability for its debts, and limited partners invest in the business but have limited liability for its debts?

a. C Corporation

b. Limited Partnership (L.P.)

c. Proprietorship

d. Sub S Corporation