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When cash is received from investors in exchange for common stock, what is the effect on the company's accounts ? O A. Cash decreases and dividends increase. O B. Cash increases and dividend increases. OC Cash decreases and common stock decreases O D. Cash increases and common stock increases. Which of the following accounts increases by debit? O A. Service revenue B. Accounts payable O C. Equipment D. Deferred revenue Providing service for $5,000 cash is recorded as: $5,000 O A. Accounts payable $5,000 Service revenue B. Cash $5,000 Service revenue $5,000 O C. Accounts receivable $5,000 Service revenue $5,000 $5,000 O D. Accounts payable Cash $5,000 An increase to an asset account is shown with a An increase to a liability account is shown with a O A. Debit, Credit O B. Credit, Debit OC. Debit, Debit O D. Credit, Credit Below is the company's Cash T-account. Cash Beg. 1,200 7,000 3,100 End. 5,100 The $7,000 amount could represent which of the following? O A. Payment for salaries O B. Payment for rent O C. Purchase of equipment for cash OD. Issue of common stock for cash The supplies account has a beginning balance of $6,000 and the company purchases additional supplies for $7,000 during the month. If the company has a remaining balance of supplies of $2,000 at the end of the period, what is the amount of supplies used during the period? O A $11,000 B. $6,000 C. 59,000 D. $13,000 Car Wash Inc, purchased supplies for $3,000 cash. This transaction would be recorded as: $3,000 $3,000 $3,000 $3,000 O A. Supplies Accounts payable O B. Supplies Cash OC. Equipment Cash OD. Equipment Notes payable $3,000 $3,000 $3,000 $3,000 Which of the following accounts would normally have a debit balance? O A. Accounts payable, accounts receivable and notes payable O B. Supplies expense, accounts payable and service revenue OC. Service revenue, accounts payable and retained earnings O D. Accounts receivables, supplies and interest expense Purchase of supplies on account for $1,200 is recorded as: O A. $1,200 Accounts payable Supplies OB. $1,200 $1,200 Supplies Cash $1,200 OC. $1,200 Supplies Accounts payable OD $1,200 $1,200 Supplies Accounts receivable $1,200