Max time: 90 XI. The type of account and normal balance of accumulated amortization is: (/ Mark) A) liability: credit B) asset; debit. C) contra asset; credit. D) contra asset; debit. XII. If the credit amount of an entry to record the purchase of supplies on account was not posted: (Mark) A) liabilities would be unaffected. B) assets would be understated. C) owner's equity would be understated. D) liabilities would be understated. 3) Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Spiffy's Garage at December 31, 2019, the end of its first year of operations Accounts receivable Accounts payable Salary expense Repairs expense Truck Equipment Notes payable Cash Supplies expense Service revenue Gasoline expense Salary payable $15,000 3.500 4,500 800 8.500 6.300 8.200 6.800 1.600 12.800 800 2.200 17600 The owner, Spiffy Sloan, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use. A) Refer to Table 1-1. The statement of owner's equity would show an ending capital balance of: (2Mark) A) $36,600 B) $3,900. C) $22,700. D) $22,600 B) Refer to Table 1-1. Total liabilities at December 31, 2019, were: (1 Mark) A) $12.800 B) $13.900 C) $20,600 D) $22,600