On which financial statement will Unearned Revenue appear? A income statement b. balance sheet owner's equity statement de trial balance Donna journalizes the adjustment for wages owed to employees. Denna debits Wages Expense and credits a. Cash b. Prepaid Insurance Wages Payabled. Interest Payable Charlie purchased a Building for $100.000 cash. At the end of year 1, a real estate broker told Charle that the Building was worth $120,000. What should Charlie do? A record again of S20,000 b. Debit Building for $20.000 cleave the Building at its original cost d. Record depreciation on the Building for $20,000 in which oft of these cases was revenue earned? A We received a cash payment from a customer on account. B. We paid cash to reduce an Account Payable 6. Cash was received today for service that we will perform in 30 days d. We performed services for a customer on account Sally was looking at the chart of accounts and found an account with an account number of 109 What type of account is it, bimed on the account number? A. asset bliability c. Capital da revenue an expense Name an account that reduces owner's equity but is not an expense. A. James Capital B. Accumulated Depreciation Equipment Accounts Payable d. James Drawing Which of the following would be considered an intangible asset? A Cash b. Accounts Receivable Equipment d. Patent Tony purchased a truck for $18,000 that will last 6 years. The book value of the truck after two full years of use would be: a $18,000 b $12.000 $10,000 d. 58,000 Accumulated Depreciation Equipment would be reported on which financial statement? A. Income Statement as an expense Balance Sheet as a liability c.Balance Sheet subtracted from the Equipment account d. Owner's Equity Statement Tony's Services purchased Equipment on January 1 for $12,000. Depreciation was recorded on January 31 in the amount of $1,000 The book value of the Equipment on January 31 would be: 2.512.000 . $11,000 - $12,500 4.513,000