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A debit balance in which of the following accounts would indicate a likely error? Select one: O a. Fees Earned O b. Cash O c.
A debit balance in which of the following accounts would indicate a likely error? Select one: O a. Fees Earned O b. Cash O c. Miscellaneous Expense O d. Accounts Receivable JULI The list of account names with their respective balances at a given date is known as the: Select one: O a. Statement of Financial Position b. Statement of Profit or LOSS O O O c. Trial balance d. Statement of Changes in Equity The receipt of cash from customers in payment of their accounts would be recorded by: Select one: O a. A debit to Accounts Receivable and a credit to Cash O b. A debit to Cash and a credit to Accounts Payable O c. A debit to Accounts Payable and a credit to Cash O d. A debit to Cash and a credit to Accounts Receivable Determine the effect on the accounting equation when the business paid current month's salary to its workers. Select one: O a. Increase in Owner's Equity, decrease in Asset O b. Increase in Asset, decrease in Liability O c. Increase in both Asset and Owner's Equity O d. Decrease in both Asset and Owner's Equity
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