a The normal balance of accounts receivable is a debit. b. The normal balance of owner's withdrawals is a debit. The normal balance of unearmed revenues is a credit. d. The normal balance of an expense account is a credit e. The normal balance of owner's capital is a credit During the month of February, Hoffer Company had cash receiptts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the February 1st beginning cash balance? a $700 b. $1,100 c. $2,900 d. $0 e. $4,300 8. An adjusting entry could be made for each of the following EXCEPT a. Prepaid expenses. b. Depreciation. c. Owner withdrawals, d. Unearned revenues. e. Accrued revenues. 9. Accrued revenues a. At the end of one accounting period often result in cash receipts from customers in the next period b. At the end of one accounting period often result in cash payments in the next period. c. Are also called unearmed revenues, d. Are listed on the balance sheet as liabilities e Are recorded at the end of an accounting period because cash has already been received for revenues earmed 10. The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used, representing the expense of using the assets, is called a. Accumulated depreciation. b. A contra account. c. The matching principle. d. Depreciation. e An accrued account. 11. 12. When closing entries are made a. All ledger accounts are closed to start the new accounting period. b. All temporary accounts are closed but not the permanent accounts. c. All real accounts are closed but not the nominal accounts d. All permanent accounts are closed but not the nominal accounts e All balance sheet accounts are closed. ei