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QUESTION 8 The accounting equation for Long Company shows an increase in its assets and an increase in its abilities. Which of the following transactions could have caused that effect? O A Cash was received as an owner investment OB. Office equipment was purchased for cash. OC.Cash was received from providing services to a customer OD. Office supplies were purchased on credit. QUESTION 11 Noora Company purchased office supplies costing AED 6,000 and debited Office Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed AED 2,400 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be O A. Debit Office Supplies, AED 3,600; Credit Office Supplies Expense, AED 3,600, OB. Debit Office Supplies Expense, AED 3,600; Credit Office Supplies, AED 3,600. C. Debit Office Supplies, AED 2,400, Credit Office Supplies Expense, AED 2,400. OD Debit Office Supplies Expense, AED 2,400; Credit Office Supplies, AED 2,400 QUESTION 13 Dubai Football Academy sold season tickets for the 2016 football season for AED 60,000. A total of 8 tanes will be played during September, October and November. In September, two games were played. In October, three games were played. The balance in Unearned Revenue at October 31 is O A AED 22,500 OBAEDO OC. AED 15,000 OD.AED 37,500 QUESTION 15 An Liabilities --Expenses relationship exists with O A. Accrued expense adjusting entries. OB. Unearned revenue adjusting entries OC. Accrued revenue adjusting entries. OD. Prepaid expense adjusting entries. QUESTION 16 Which of the following is NOT a liability account: O A. Unearned services revenue O B. Short term notes Payable O C. Wages and Salaries Payable O D. Accumulated Depreciation-Equipment