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8. When you pay a bill using a debit card, the bank account_______ while the expense account A. decreases; increases B. increases; remains the

  

8. When you pay a bill using a debit card, the bank account_______ while the expense account A. decreases; increases B. increases; remains the same C. remains the same; decreases D. increases; decreases 9. What is the equity value for Craig's Design and Landscaping Service? Craig's Design and Landscaping Services BALANCE SHEET ASSETS Current Accets Bank Accounta Accounts Receivable Other Current Assets Total Current Assets > Fixed Assets TOTAL ASSETS LIABILITIES AND EQUITY Liabilities A. -$7,695.04 B. $2,001.00 C. $54,567.62 D. $31,131.33. TOTAL 11. What deposit is customer related? $2,001.00 $5,281.52 $2,658.77 A. An insurance overpayment refund B. Loan proceeds C. Purchase rebates D. An invoice payment. $9,941.29 $13,495.00 $23,436.29 10. Which statement about deleted and voided transactions is TRUE? A. Both are recorded and become part of the overall records. B. Both are removed from the overall records. $31,131.33 C. Deleted transactions are removed; voided transactions are retained with zero values. D. Voided transactions are removed; deleted transactions are retained with zero values.

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