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please answer the following questions Question 1 (10 points) The adjusting entry for depreciation of building for the year includes a credit to Accumulated Depreciation--Building
please answer the following questions Question 1 (10 points) The adjusting entry for depreciation of building for the year includes a credit to Accumulated Depreciation--Building for $7,500. True False Question 2 (10 points) In the journal entry for depreciation of equipment for the year, the credit to Accumulated Depreciation--Equipment is increasing that account. True False Question 3 (10 points) The adjusting entry for accrued salaries and wages includes a credit to an expense account. True False Question 4 (10 points) The amount of the debit and credit in the adjusting entry for unexpired insurance at August 31 is $6,000. True False Question 5 (10 points) In the adjusting entry for unexpired insurance at August 31, the credit to the Prepaid Insurance account is increasing that account. True False Question 6 (10 points) In the adjusting entry for fees earned but unbilled, the debit to Accounts Receivable is increasing that account. True False Question 7 (10 points) In the adjusting entry for fees earned but unbilled, the credit to Fees Earned is decreasing that account. Question 8 (10 points) In the adjusting entry for supplies on hand at August 31, Supplies Expense should be debited for $1,500. True False Question 9 (10 points) The amount of the debit and credit in the adjusting entry for rent unearned at August 31 is $1,550. True False Question 10 (10 points) In the adjusting entry for rent unearned at August 31, the credit to Rent Revenue is increasing that account. True False
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