Please, I need correct answers and clear explanation. Thanks,

Indicate whether each of the following statements is true or false:

• a.

  Under the accrual basis of accounting, when cash is collected on accounts receivable, revenue is recorded.

• b.

  Cash receipts from customers are debited to Accounts Receivable.

• c.

  The cash basis of accounting recognizes expenses when they are incurred.

• d.

  Under the cash basis of accounting, there is no such thing as a Prepaid Expenses account.

• e.

  Asset accounts and expense accounts normally have debit balances.

• f.

  Credits increase asset accounts.

• g.

  Revenues are recorded with credit entries.

• h.

  Dividends are an expense of doing business and should appear on the statement of income.