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L. Which of Stay 2. The Candles 2. Woche de ce pred . Balance Siement of diep Besple debble and creditev de med de noble

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L. Which of Stay 2. The Candles 2. Woche de ce pred . Balance Siement of diep Besple debble and creditev de med de noble 5. what the starian is preparate ate thalarin Col. I have Chwy. Cu oca por Cool purch, gedeponeerd Orientale Crew dan qaytre chacud by se adidas by 55,000 www 4 lane brand by S5,000, orada qay ban * Www Bad PORCI. CH. L. A-L-E TAL. 4 AL066 II. edhe te rend commer. que the role WS Multiple Choice. Choose the answer that best fits the question or statement 1. Which of the following is not a monetary asset? a. Inventory b. Accounts receivable c. Notes receivable d. Investment in bonds 2. The purchase of an asset for cash a. decreases assets and increases liabilities. b. increases assets and shareholders' equity. c. leaves total assets unchanged. d. increases assets and liabilities. 3. Which of the financial statements does not cover a period of time? a. Statement of cash flows b. Balance sheet c. Statement of retained eamings d. Income statement 4. When a company has performed a service but has not yet received payment, it a. debits revenue from services and credits accounts payable. b. makes no entry until the cash is received. c. debits accounts receivable and credits revenue from services. d. debits revenue from services and credits accounts receivable. 5. Which of the following is the proper order to list current assets on the balance sheet? a. Cash, inventory, accounts receivable, temporary investments b. Cash, accounts receivable, inventory, prepaid expenses C. Cash, accounts receivable, temporary investments, inventory d. Cash, temporary investments, prepaid expenses, accounts receivable 6. An accountant has debited an asset account for $1,000 and credited a liability account for $500. Which of the following would be an incorrect way to complete the recording of the transaction? a. Credit a shareholders' equity account for $500. b. Credit an asset account for $500. c. Credit another liability account for $500. d. Debit a shareholders' equity account for $500. 7. Which one of the following is not a part of an account? a. Trial balance b. Title

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