- - COMPREHENSIVE FINAL ivales. When the A company uses the last we wotectie offa specife ' scount receivable a totale for the are increased met realizable value of accounts receivable increases e total current assets are reduced d. there is no effect on total surrent assets or total expenses 31. Which of the following entries the thesis of office supplies on cook a. Cash, debit, Ottice Supplies, credit Office Supplies, debit, Cash, credit c. Office Supplies, debit, Accounts Payable, credit d. Accounts Receivable, debit: Office Supplies, credit 32. Fixed assets are ordinarily presented on the balance sheet a. in a separate section along with intangible assets b. at replacement costs c. at current market values d. at cost less accumulated depreciation 33. Allowance for Doubtful Ascounts as a debit halange of S600 at the end of the year before adjustment, and an analysis of accounts in the customers les indicates sallestille essivables of $13,000. Which of the following entries records the proper adjusting entry for bad debt expense? a debit Allowance for Doubtful Accounts, $600, credit Bad Debt Expense, 5600 b. debit Bad Debt Expense, $12,400, credit Allowance for Doubtful Accounts, $12,400 c. debit Bad Debt Expense, S600, credit Allowance for Doubtfal Accounts, 5600 d. debit Bad Debt Expense, $13,600; credit Allowance for Doubtful Accounts, 513,600 34. Which of the following groups of accounts increase with a credit? a common stock, revenues, expenses b. liabilities, common stock, revenues c. assets, common stock, revenues d. none of these 35. Which of the following entries records the receipt of cash for two months' rent? The cash was received in advance of providing the service. a. Cash, debit; Prepaid Rent, credit. b. Cash, debit; Unearned Rent, credit. c. Prepaid Rent, debit; Rent Revenue, credit. d. Cash, debit; Rent Expense, credit. Cengage Learning Powered by Cognero - - COMPREHENSIVE FINAL ivales. When the A company uses the last we wotectie offa specife ' scount receivable a totale for the are increased met realizable value of accounts receivable increases e total current assets are reduced d. there is no effect on total surrent assets or total expenses 31. Which of the following entries the thesis of office supplies on cook a. Cash, debit, Ottice Supplies, credit Office Supplies, debit, Cash, credit c. Office Supplies, debit, Accounts Payable, credit d. Accounts Receivable, debit: Office Supplies, credit 32. Fixed assets are ordinarily presented on the balance sheet a. in a separate section along with intangible assets b. at replacement costs c. at current market values d. at cost less accumulated depreciation 33. Allowance for Doubtful Ascounts as a debit halange of S600 at the end of the year before adjustment, and an analysis of accounts in the customers les indicates sallestille essivables of $13,000. Which of the following entries records the proper adjusting entry for bad debt expense? a debit Allowance for Doubtful Accounts, $600, credit Bad Debt Expense, 5600 b. debit Bad Debt Expense, $12,400, credit Allowance for Doubtful Accounts, $12,400 c. debit Bad Debt Expense, S600, credit Allowance for Doubtfal Accounts, 5600 d. debit Bad Debt Expense, $13,600; credit Allowance for Doubtful Accounts, 513,600 34. Which of the following groups of accounts increase with a credit? a common stock, revenues, expenses b. liabilities, common stock, revenues c. assets, common stock, revenues d. none of these 35. Which of the following entries records the receipt of cash for two months' rent? The cash was received in advance of providing the service. a. Cash, debit; Prepaid Rent, credit. b. Cash, debit; Unearned Rent, credit. c. Prepaid Rent, debit; Rent Revenue, credit. d. Cash, debit; Rent Expense, credit. Cengage Learning Powered by Cognero
