Owner's equity is decreased by: *

Assets

Revenues

Expenses

Liabilities

Net income results when: *

Revenues > Expenses

Revenues < Expenses

Assets > Liabilities

Revenues > Drawings

The unearned revenue appears in the: *

Income statement along with the expenses

Income statement along with the revenues

Balance sheet along with the liabilities

Balance sheet along with the assets

ARE Company has a beginning Owner's Capital balance of $85,000. During the year, the company earned Revenues of $23,000 and paid Expenses of $7,000. What is the amount of the Owner's Capital at the end of the year? *

$115,000

$108,000

$55,000

$101,000

The cash balance might increase when the company: *

Pays rent

Purchases supplies

Provide Services

Hires new employees