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need help please #1 which increase with a credit as their normal balance - assets - liabilites - stockholders equity - expenses - revenue #2
need help please
#1 which increase with a credit as their normal balance
- assets
- liabilites
- stockholders equity
- expenses
- revenue
#2 Prepaid expenses are defines as
a) costs of assets acquired in one period that will be expensed in a future period.
b) the process of allocating the cost of an asset, such as equipment, to expense over the useful life of the asset.
c) amount shareholders have invested in the business.
d) amounts the company expects to collect from customers based on the delivery of service or products.
e) cash in advance from a customer for products or services to be provided in the future.
f) total amounts owed to creditors for loaning money to the company.
#3 which of the following is increased with a credit as their normal balance
- supplies
- accounts recievable
- notes payable
- utilities expense
- service revenue
- unearned revenue
- cash
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