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Kindly help me answer this business accounting - part 2 9. An owner investment of a building, valued at $100,000 with an $80,000 outstanding mortgage,

Kindly help me answer this business accounting - part 2
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9. An owner investment of a building, valued at $100,000 with an $80,000 outstanding mortgage, transferring this asset into the business W'ould: O A) increase assets by S20 , 000 0 8) increase assets by S80 ,OOO C) C) increase shareholders equity by 520.000 O D) increase shareholders equity by SIOO ,OOO 10. The purchase of office equipment for cash would include a: O A) debit to Cash 0 8) debit to Office Equipment O C) credit to Accounts Payable C) D) credit to Office Equipment II Paying a dividend to the company's shareholders would include a: O A) debit to Cash and a credit to Dividends 0 8) debit to Dividends and a credit to Cash O C) debit to Retained Earnings and a credit to Dividends C) O) debit to Accounts Payable and a credit to Retained Earnings 12. Posting, a part of the accounting process, refers to: O A) copying amounts from the accounts in the general ledger to the journal C) 8) copying amounts from the financial statements to the general ledger O C) copying amounts from the journal to the appropriate accounts in the general ledger O O) copying amounts from the general ledger to the financial statements 13. An accountant who records a transaction only when cash is received or disbursed is using which basis of accounting? O A) prepaid C) 8) accrual C) C) cash O D) deferral 14. Which of the following transactions W'ould be recorded at the time the transaction occurs underthe accrual basis, but would not be recorded until sometime in the future underthe cash basis? O A) sale of merchandise on account C) 8) payment of interest expenses O C) payment of employee salaries O O) issuance of stock IS. On December 15, 2019, a company receives an order from a customer for services to be performed on December 28, 2019. Due to a backlog of orders, the company does not perform the services until January 3, 2020. The customer pays forthe services on January 6, 2020. When should revenue be recorded by the company? O O O O A) 8) December IS, 2019 January 3, 2020 December 28, 2019 January 6, 2020

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