Question 1 Cash would appear on which of the following statements? Only on the Balance sheet. Only on the Income statement. Only on the Statement of owner's equity. On both the Balance Sheet and the Income Statement. A company performed service for a customer and will send a bill next month. What account should the company credit? Unearned Revenue Accounts Receivable Service Revenue Accounts Payable Moving to the next wents change to this answer Question 3 Robert Haddon contributed $70,000 in cash and land worth $130,000 to open a new business, RH Consulting. Which of the following general journal entries will RH Consulting make to record this transaction? Debit Cash and Land, $200,000; credit Haddon, Capital, $200,000. Debit Haddon, Capital, $200,000; credit Assets, $200,000. Debit Haddon, Capital, $200,000; credit Cash $70,000, credit Land, $130,000. Debit Cash $70,000; debit Land $130,000; credit Haddon, Capital, $200,000 A Moving to the next question prevents changes to this answer. Question 4 The basic financial statements include all of the following except: (Which of the following is not a financial statement?) Trial Balance Income Statement Balance Sheet Statement of Owner's Equity Moving to the next question prevents changes to this answer Question 7 2 points Save Answer How would the accounting equation of Central Supply Company be affected by the purchase of Equipment for $10,000, if the payment for the equipment is expected to be made the following month +$10,000 equipment, +$10,000 accounts payable. $10,000 accounts receivable. -S10,000 Equipment $10,000 equipment, $10,000 Expense. The counting equation would not be affected until the payment is made