accounting

Iinter 1 Which of these would bo an accurate wisistment for a morth in which no paymonts we made? 4. Dubt interent expense and creat interest payabia. D. Debelows pwrablo and credt cash. P. Dobe inteest paratio and crodt interest expente. de Dist cash and creda loms peyable. ecrpary ised $980 of uases during the morth. Which of the folowing stureneres in the? 2. Aotined earnings and tharehotens equity shovd docrease because et this transation De. Aetaned earnings and shareholen' wasty hitwid se unchanged by tiss vunsacton. 2. The compary shouls ereat utity expenses tor 390 and dobit pespad uates to the0. A congany pays mages erer two weeks. Wigps ancunt to 3100 a day. On Mash a1, the conpary paps napes b. deen to realahed earrengs for 5700 and a cost to whpas payabis for $700 c. dete to wages uegathe tar troo and a crest ts canb tor 7700 . A company has: a loan that accrues interest at a rate of $20 a day. The company pays the interest once at quartet. Which of these would be an accurate adjustment for a month in which no payments are made? a. Debit interest expense and credit interest payoble. b. Debit loans payable and credit cash. c. Debit interest payable and credit interest expense. d. Debit cash and credit loans payablo. A compary has an assef account, prepaid uiilies, with a balance of $3,750 at the beginning of the month. The company used $980 of utilities during the month. Which of the following statements is irue? a. The compary should credit accrued liabilities for $980 and dobit uthity expenses for $980. b. Fetained earnings and shareholders' equity should decrease because of this transaction. c. Rezained earnings and shareholders' equity Jhould be unchanged by this transaction. d. The company should credit utility expenses for $980 and debit prepaid utilities for $980. A company pays wages every two weeks. Wages amount to $100 a day. On March 31, the company pays wages for the two woeks ending March 24. At the end of the month, the related adjusting foumal entry should include a. a. debit to wagas expense tor $700 and a credit to wages payable for $700. b. debit to retained earnings for $700 and a credit to wages payable for $700