5. A list of all asset, liability, stockholders' equity, revenue, expense, and dividend accounts which are used by the company is called a(n)

		a) General Ledger.
		b) General Journal.
		c) Chart of Accounts.
		d) Trial Balance.

6. An entry made to the right side of an account is always a(n)

		a) debit.
		b) credit.
		c) increase.
		d) decrease.

7. Several accounts from the financial records of Wynn Linders, Inc. are listed. Indicate its normal balance and the debit/credit rules for increasing the account. (Choices may be used more than once.)

1. _________	Income Tax Expense
2. ___________	Accounts Payable
-3. ____________	Retained Earnings
-4. ___________	Prepaid Insurance
5. ___________	Service Revenues
6. _____________	Notes Payable
7. ___________	Land
8. _____________	Common Stock
9. ____________	Unearned Revenues
10. ______________	Cash

A.	Debit
B.	Credit

8. Which of the following accounts is decreased by a debit entry?

		a) cash
		b) prepaid insurance
		c) accounts payable
		d) insurance expense

9. Under the double-entry system of accounting, every transaction is entered in at least two accounts on opposite sides of a T-account.

1. True
2. False

10. A list of all active accounts and their balances at a particular date, which is used to prove the equality of debits and credits, is a

		a) Chart of Accounts.
		b) General Ledger.
		c) journal.
		d) Trial Balance.