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QUESTION 6 Which of the following statements is incorrect? In a T Account, the left side is debit In a T Account, the right side is credit The normal balance in an expense account is debit. The normal balance in a revenue account in debit QUESTION 7 A person who transforms ideas for products or services into a real-world business is: an entrepreneur a book keeper an accountant an auditor QUESTION 8 A two-sided informal chart with the left side representing debit and right side representing credit is known as a: T Account trial balance. Chart of an Account balance sheet QUESTION 9 If the current asset total is $30,000 and the current liability total is $20,000, what is the working capital? $30,000 $50,000 $20,000 $10,000 QUESTION 10 Which one of the following taxes is contributed to equally by employer and employee? Social Security Tax State Income Tax Federal Income Tax Federal Unemployment Tax