please just put the the question # and the correct letter answer. thanks!

For each of the following questions, circle the answer that you feel is the best 1. When expenses are more than revenues for a period, we have: a. Net assets b. Net Loss c. Equity d. Net income e. A liability 2. A debit is used to record: An increase in a liability account b. A decrease in an asset account c. A decrease in an owner's drawings account d. An increase in a revenue account An increase in an asset account a e. 3. Which item would appear on an Income Statement? a. Interest revenue b. Unearned revenue c. Prepaid rent d. Accumulated depreciation e. Owner's drawings 4. Of the following accounts, the one that normally has a debit balance is: a. Accounts payable b. Sales revenue c. Neil Edwards, capital d. Accounts receivable e. Unearned revenue 5. On November 30, the cash account of Ace Company has a normal balance of $4.300. During December the account was debited for a total of $3,500 and credited for a total of $3,700. What was the balance in the cash account on December 314? a. $0 b. $ 4.100 debit c. $ 4,100 credit d. $ 4,500 debit e. $ 4.500 credit .6. How would the accounting equation of Lenore Turner's consulting business be affected by the billing of a client for $2,000 for consulting work completed? a. Accounts receivable, $2,000 increase, liabilities, $2,000 decrease. b. Accounts receivable, $2,000 increase, liabilities, $2,000 increase. c. Accounts receivable, $2,000 increase, cash, $2,000 increase. d. Accounts receivable, $2,000 increase, owner's equity, $2,000 increase. e. Accounts receivable, $2,000 increase, cash $2,000 decrease. 7. Source documents: a. Do not provide objective evidence about transactions. b. Provide information to be recorded in the accounting information system. c. Can only be in electronic form. d. Are only used for audit purposes, e Are acceptable as a substitute for financial statements. 8. Which of the following statements is correct? a. The left side of a T-account is the debit side. b. Entries that decrease asset and expense accounts, or increase liability, equity, and revenue accounts are posted as debits. c. The left side of a T-account is the credit side. d. The right side of a T-account is the debit side. e. Entries that increase asset, expense, and revenue accounts are posted as debits The basis for accounting in which revenues are recorded when services are performed and expenses are recorded when incurred: a. Accrual basis accounting b. The operating cycle of a business. c. Cash basis accounting d. The revenue recognition principle e. The matching principle 9