Question
Please answer all three questions per chegg guidelines. thank you 20. A business receives an electricity bill for the past month. Which of the following
Please answer all three questions per chegg guidelines. thank you
20. A business receives an electricity bill for the past month. Which of the following occurs?
a. Cash is debited.
b. Prepaid expenses are debited.
c. Accounts payable is debited.
d. Utilities expense debited.
44. From the list below, select all items that are on the Income Statement.
Cash
Accounts receivable
Prepaid expenses
Supplies
Accounts payable
Salary payable
Unearned revenue
Loans payable
Equipment
Land
Accumulated depreciation
Common stock
Retained earnings
Dividends
Service revenue
Depreciation expense
Rent expense
Utilities expense
Salary expense
45. From the list below, select all items that are closed to retained earnings at year-end.
Cash
Accounts receivable
Prepaid expenses
Supplies
Accounts payable
Salary payable
Unearned revenue
Loans payable
Equipment
Land
Accumulated depreciation
Common stock
Retained earnings
Dividends
Service revenue
Depreciation expense
Rent expense
Utilities expense
Salary expense
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started