points each) 1. If the uneaned revenue account had made debiting the account for $500, the account would appear on the sheet as a: an unadjusted normal balance of $3,800 and an adjastment was adjusted trial balance of the work a) $4,300 debit b) $4,300 credit e) $3,300 credit d) $3,300 debit 2. All o f the following are P & L accounts except a) Revenues b) Salary expenses c) Fees d) Accounts payable 3. Which of the following transactions would increase one asset account, decrease another asset account and increase a liability account: a) b) c) d) owner investment of cash and equipment into the business purchasing land with a cash down payment and a note payable purchasing supplies and equipment on account payment of the telephone and utility bills 4. T accounts are used in lieu of a) General Ledger b) Trial balance c) Balance Sheet d) Income statement 5. The Financial statement which list the revenue and expense accounts is referred to as the: A) owners equity statement B) income statement C) Balance Sheet D) Statement of Financial position The Balance Sheet reports the: A) assets, liabilities and owners equity B) revenues and expenses C) changes in owners equity D) unadjusted balances for all accounts 6. _is transferred from the income statement to the statement of owner's equity A) Beginning capital B) Withdrawals C) Net Income D) Ending Capital