Ending retained earnings for a period is equal to beginning

a$.$ Retained earnings $+$ Net income $-$ Dividends.

b$.$ Retained earnings $-$ Net income $-$ Dividends.

c$.$ Retained earnings $+$ Net income $+$ Dividends.

d$.$ Retained earnings $-$ Net income $+$ Dividends.

Debits

a$.$ decrease assets

b$.$ increases liabilities.

c$.$ increase assets and decrease liabilities.

d$.$ decrease assets and increase liabilities.

A debit is the normal balance for which account listed below?

a$.$ Inventory

b$.$ Common Stock

c$.$ Revenue

d$.$ Retained Earnings

Jack Company borrowed $$45,000$ by issuing bonds. The journal entry should include a

a$.$ debit to Notes Payable.

b$.$ credit to Cash.

c$.$ credit to Notes Payable.

d$.$ credit to Accounts Payable.

Building worth of $$300,000$ is purchased by paying $$10,000$ cash and signing a note payable for the remainder. The journal entry should include a

a$.$ debit to Notes Payable.

b$.$ credit to Cash.

c$.$ credit to Notes Receivable.

d$.$ credit to Equipment.

Sierra Corporation received a cash advance from Billy Corporation $($$$2,000).$ As a result of this event,

a$.$ assets decreased by $$2,000.$

b$.$ equity increased by $$2,000.$

c$.$ Both assets and liabilities increased by $$2,000.$

d$.$ Both assets and equity increased by $$2,000.$

Smith Company bought delivery truck for $$30,000$ cash. As a result of this event,

a$.$ equity decreased by $$30,000.$

b$.$ assets increased by $$30,000.$

c$.$ total assets remained unchanged.

d$.$ Both assets and equity decreased by $$30,000.$