AT&T 18:35 Expert Q&A Done r Allowance for doubtful r Bad debt expense -s A provision for potential bad dehes in accounts r Allowance for doubtful account Bad debt expense 6 To receive a cash payment from ccout customer you dabit or crodis souti r Credit r Debit 77. Accounts receivable is used in which ratio Current ratio Fixed asset turnover ratio 78. When an accounts receivable previously provided Sor is writen off, which account i debited? Allowance for doubtful accounts Accounts receivable Adjusting entries always affect which type of accoums Balance shoet accounts only Both balance sheet and income statement accounts account o recond an accrued expense includes a credit to which Balance sheet liability account Expense account then the balance sheet liabilities will b? an adjusting entry is not made to accre espenses, Ovenstaned At "art ofthe accounting period Ai the end of the accounting peried An uting enery to acrse evenue camed but not recelved at the end of an of entry to a balance sheet asset 83. account? AT&T 18:35 an asert 66What enery should you make in nassu r Credit 7. What enery should you make in a liablity account to decrease iahility r Credi ox What entry should you make in the capital account so decrease the capital r Credit 69. Is accounts receivable an asset? r Yes 70. What are accounts receivable Amounts owed by customers Amounts owed by suppliers 71. Ifa sale is made to a cusomer on crodit, the account credited is? Revenue Accounts receivable 72Suppose an invoice is issued fr 1,000 1% 10 days, net 30 terms. what is the discoum in in 9 days? d a 100 b. 10 73. The amount of cash expected to be collected from accounts receivable is called? Book value r Net realizable A provision again r Allowance for r Bad debt expense doubeful 1S A provision potenial r Allowance for doubtful for potential bad debts in accounts nivable is debite 18:35 AT&T r Debit 59 Is the r Debit 60 Is the accruals account nomally s debit or credic Credit r pebit 61. Is the revenue accosunt normalily a credit or debic r Credit Debit 62. Is the accounts payable account normalily a credit or a debic? r Credit r Debit 63. What entry should you make in an asset account to increase an asset? Credit r Debit 64. What entry should you make in a liability account to increase a liability? Credit Debit 65. What entry should you make in the capital account to increase the capial? Credit Dehie 67 What enery should you make in a iabiity ccount to decrcase a Hahiliay? 18:35 88%| AT&T an earlier date. which heen deland holes" dividends of 10000 which Dividends payable r Dividends 52. The business acerses for rent of 2,000 not yet invoiced by the landiond Which account is he debit entry possed so? Rent expense r Rent accrual S3. ls the plant and machinery account nomally a debit or a credi? r Ceedit r Debit 54. Is the inventory account normally a debit or credi r Credit 55. Is the prepaid expenses account normally a credit or debit? r Debit Croda 56. Is the petty cash account normally a debit or a credit? Credit r Debit $7. Is the sales discount allowed account normally a debit or credic? Credit Debit 58. Is the commissions received account normally a credit or debit? r Debit r Debit r Credit 60 Is the accruals account normally s debit or credi r Debit 61. Is the revenue account norm AT&T 18:35 Expert Q&A Done r Allowance for doubtful r Bad debt expense -s A provision for potential bad dehes in accounts r Allowance for doubtful account Bad debt expense 6 To receive a cash payment from ccout customer you dabit or crodis souti r Credit r Debit 77. Accounts receivable is used in which ratio Current ratio Fixed asset turnover ratio 78. When an accounts receivable previously provided Sor is writen off, which account i debited? Allowance for doubtful accounts Accounts receivable Adjusting entries always affect which type of accoums Balance shoet accounts only Both balance sheet and income statement accounts account o recond an accrued expense includes a credit to which Balance sheet liability account Expense account then the balance sheet liabilities will b? an adjusting entry is not made to accre espenses, Ovenstaned At "art ofthe accounting period Ai the end of the accounting peried An uting enery to acrse evenue camed but not recelved at the end of an of entry to a balance sheet asset 83. account? AT&T 18:35 an asert 66What enery should you make in nassu r Credit 7. What enery should you make in a liablity account to decrease iahility r Credi ox What entry should you make in the capital account so decrease the capital r Credit 69. Is accounts receivable an asset? r Yes 70. What are accounts receivable Amounts owed by customers Amounts owed by suppliers 71. Ifa sale is made to a cusomer on crodit, the account credited is? Revenue Accounts receivable 72Suppose an invoice is issued fr 1,000 1% 10 days, net 30 terms. what is the discoum in in 9 days? d a 100 b. 10 73. The amount of cash expected to be collected from accounts receivable is called? Book value r Net realizable A provision again r Allowance for r Bad debt expense doubeful 1S A provision potenial r Allowance for doubtful for potential bad debts in accounts nivable is debite 18:35 AT&T r Debit 59 Is the r Debit 60 Is the accruals account nomally s debit or credic Credit r pebit 61. Is the revenue accosunt normalily a credit or debic r Credit Debit 62. Is the accounts payable account normalily a credit or a debic? r Credit r Debit 63. What entry should you make in an asset account to increase an asset? Credit r Debit 64. What entry should you make in a liability account to increase a liability? Credit Debit 65. What entry should you make in the capital account to increase the capial? Credit Dehie 67 What enery should you make in a iabiity ccount to decrcase a Hahiliay? 18:35 88%| AT&T an earlier date. which heen deland holes" dividends of 10000 which Dividends payable r Dividends 52. The business acerses for rent of 2,000 not yet invoiced by the landiond Which account is he debit entry possed so? Rent expense r Rent accrual S3. ls the plant and machinery account nomally a debit or a credi? r Ceedit r Debit 54. Is the inventory account normally a debit or credi r Credit 55. Is the prepaid expenses account normally a credit or debit? r Debit Croda 56. Is the petty cash account normally a debit or a credit? Credit r Debit $7. Is the sales discount allowed account normally a debit or credic? Credit Debit 58. Is the commissions received account normally a credit or debit? r Debit r Debit r Credit 60 Is the accruals account normally s debit or credi r Debit 61. Is the revenue account norm