Question 1 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it issued common stock to stockholders after receiving $40,000 cash from its shareholders. Which of the following accounts increased by $40,000 due to the transaction? Check all accounts that increased by $40,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liablity Common Stock, a component of stockholders' equity Revenue: (Comment: When revenues increase retained earnings increases) OOO Expenses: (Comment: When expenses increase retained earnings decreases) Dividends: (Comment: When dividends increase retained earnings decreases) No accounts increased due to the transaction Question 4 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it purchased computers for office use for $30,000 from Dell on account. Which of the following accounts decreased by $30,000 due to the transaction? Check all accounts that decreased by $30,000 Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liability Common Stock, a component of stockholders' equity Revenue: (Comment: When revenue increases retained earnings decreases) Expenses: (Comment: When expenses increase retained earnings decreases) Dividends: (Comment: When dividends increase retained earnings decreases) No accounts decreased due to the transaction D Question 5 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it paid $4,000 cash for May's rent on storage space. Which of the following accounts increased by $4,000 due to the transaction? Check all accounts that increased by $4,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity Common Stock, a component of stockholders' equity Revenue. (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts increased due to the transaction Question 6 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it paid $4,000 cash for May's rent on storage space. Which of the following accounts decreased by $4,000 due to the transaction? Check all accounts that decreased by $4,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity 0 0 Common Stock, a component of stockholders' equity Revenue. (Comment: When revenues increase retained earnings increases) 0 Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts decreased due to the transaction Question 7 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it received $12,000 cash from customers that it had previously billed in April. Which of the following accounts increased by $12,000 due to the transaction? Check all accounts that increased by $12,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liability Common Stock, a component of stockholders' equity Revenue, (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts increased due to the transaction Question 8 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it received $12,000 cash from customers that it had previously billed in April. Which of the following accounts decreased by $12,000 due to the transaction? Check all accounts that decreased by $12,000 Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity Common Stock, a component of stockholders' equity Revenue, (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts decreased due to the transaction D Question 9 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it provided services to customers and received $5,000 cash. Which of the following accounts increased by $5,000 due to the transaction? Check all accounts that increased by $5,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity Common Stock, a component of stockholders' equity Revenue. (Comment: When revenues increase retained earnings increases) 0 Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts increased due to the transaction Question 10 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it provided services to customers and received $5,000 cash. Which of the following accounts decreased by $5,000 due to the transaction? Check all accounts that decreased by $5,000, Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity 0 Common Stock, a component of stockholders' equity Revenue, (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts decreased due to the transaction Question 11 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it paid Northern State Power Company $11,000 cash for electricity used in May. Which of the following accounts increased by $11,000 due to the transaction? Check all accounts that increased by $11,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity Common Stock, a component of stockholders' equity Revenue, (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts increased due to the transaction Question 12 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it paid Northern State Power Company $11,000 cash for electricity used in May. Which of the following accounts decreased by $11,000 due to the transaction? Check all accounts that decreased by $11,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity Common Stock, a component of stockholders' equity Revenue. (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts decreased due to the transaction Question 13 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it paid Dell $30,000 cash to pay the amount owed to Dell due to the previous purchase of computers on account. Which of the following accounts increased by $30,000 due to the transaction? Check all accounts that increased by $30,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity Common Stock, a component of stockholders' equity Revenue, (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts increased due to the transaction Question 14 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it paid Dell $30,000 cash to pay the amount owed to Dell due to the previous purchase of computers on account. Which of the following accounts decreased by $30,000 due to the transaction? Check all accounts that decreased by $30,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity Common Stock, a component of stockholders' equity Revenue. (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends. (Comment: When dividends increase retained earnings decreases) No accounts decreased due to the transaction D Question 15 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it incurrred an advertising cost of $1,000 for ads that ran on TV in May. Henry will pay the $1,000 in June. Which of the following accounts increased by $1,000 due to the transaction? Check all accounts that increased by $1,000. Cash, an asset Accounts Receivable, an asset Office Equipment, an asset Accounts Payable, a liabiity Common Stock, a component of stockholders' equity Revenue. (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts increased due to the transaction Question 16 0.5 pts Henry Company had a number of transactions in May 2014. In one of them, it incurrred an advertising cost of $1,000 for ads that ran on TV in May. Henry will pay the $1,000 in June. Which of the following accounts decreased by $1,000 due to the transaction? Check all accounts that decreased by $1,000. Cash, an asset Accounts Receivable, an asset Dois Office Equipment, an asset Accounts Payable, a liabiity Common Stock, a component of stockholders' equity 0 Revenue, (Comment: When revenues increase retained earnings increases) Expenses (Comment: When expenses increase retained earnings decreases) Dividends, (Comment: When dividends increase retained earnings decreases) No accounts decreased due to the transaction