Blackboala Question Completion Status 2.5 polnts QUESTION 18 The balance sheet of Strauss Corporation contains the following list of assets: Cash $8.500.000: Land. $4.700.000: Buldings. $1.300.000: and Other Assets, $200.000. Strauss' only debt is 52.070,000 owed to a bank. What is Strauss' stockholders' equity? TT TT Paragraph. Aria 311200) E.E. T. .. ODGFELETT. - Of Mashups - 16 @ L E D Dets Words:0 PP 2.5 points QUESTION 19 Richards Corporation purchased equipment by issuing a 550.000 note payable: A. Debit Notes Payable/Credit Cash OB. Debit Equipment/Credit Cash OC Debit Equipment/Credit Notes Payable D. Debk Notes Payable/Credit Equipment O None of these QUESTION 20 25 pe Journals and ledgers are synonymous terms. True This is a table showing the attributes of a collection of items Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Close Window X Blackboard XCIO * Question Completion Status: 10 20 30 40 60 8 9 100 110 120 13 140 150 160 170 18 19 20 21 22 230 24 250 260 270 280 290 300 310 32 QUESTION 21 Collin Printing began operations on January 1. At the end of January, Collin had $700 of equipment depreciation for the month. The entry to record deprecation includes: O A a debit to Depreciation Expense 8. a debit to Accumulated Depreciation OC a credit to Deprecation Expense OD. a credit to the Equipment account E. None of these QUESTION 22 An error in adjusting an expense account will have no impact on stockholders' equity. True False QUESTION 23 During June, Zorba Magazine sold for cash six advertising spaces for $400 each to be run in the July through December issues. On that date, Zorba properly recognized Unearned Revenue. adjusting entry to record on July 31 includes: A. a debit to Unearned Revenue for $400 Question Completion Status: 10 20 30 40 5 6 7 8 9 100 110 120 13 140 150 160 170 18 19 20 21 QUESTION 5 Which of the following statements is true? A. Dividends decrease net income OB. Net income causes liabilities to decrease OC. Assets will decrease by the amount of net loss D. Cash increases as net income increases E. None of these. QUESTION 6 Retail Stores of Georgia experienced an increase in total assets of $14,000 during the current year. During the same time pe investments during the year and not dividends were paid. How much was Retail's net income? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TTTTDararanh Arial 112nti . 13 . T- 1 5 60 100 110 120 13 14 70 1,01,000 15 16 17 18 19 200 21 22 23 24 250 260 270 280 290 300 310 320 330 Revenues Salary Expenses 60,000 Path: P Words:26 1 QUESTION 37 The closing process corrects the lack of agreement between the Retained Earnings account and the ending balance of retained earnings shown in the statement of retained earnings. True False QUESTION 38 Conner Corporation's adjusted trial balance included the following items:Accounts payable (565.000). Accounts receivable ($45,000), Capital stock ($100,000). Cash (550,000). Dividends ($10,000). Goodwill (547,000), Interest expense ($4,000), Interest payable ($2,000). Inventory (532,000). Notes payable (580.000). Prepaid expenses (55,000). Property, plant & equipment (5123,000). Retained earnings (546,000), Rent expense ($18,000). Revenues ($101.000), and Salary expense (560,000). What would be the post-closing trial balance total? For the toolbar, press ALT+F10 (PCor ALT+FN+F10 (Mac). TTTT Paragraph Arial 3 (12pt) - E- T- %DO QUE S T'T, D2S --- - fi Mashups - Tu E BEBE B O OTHLESS total 302.000 302.000 Retained earnings - 46,000-18,000+101,000-60,000-10,000-4,000-55.000 answer is 302,000 Words: Pathan