Question 1

Consulting Revenue would appear on the:

		Balance Sheet
		Income Statement
		Statement of Owner's Equity

4 points

Question 2

Notes Receivable would appear on the:

		Balance Sheet
		Income Statement
		Statement of Owner's Equity

4 points

Question 3

Increase Accounts Payable with a:

		Debit
		Credit

4 points

Question 4

The account classification for Allowance for Doubtful Accounts is contra:

		Asset
		Liability
		Equity
		Revenue
		Expense

4 points

Question 5

Increase Sales Tax Payable with a

		Debit
		Credit

4 points

Question 6

The account classification for Common Stock is:

		Asset
		Liability
		Equity
		Revenue
		Expense

4 points

Question 7

The account classification for Allowance for Doubtful Accounts is contra:

		Asset
		Liability
		Equity
		Revenue
		Expense

4 points

Question 8

The normal balance for Equipment is:

		Debit
		Credit

4 points

Question 9

Increase Common Stock with a:

		Debit
		Credit

4 points

Question 10

Decrease Equipment with a:

		Debit
		Crdit

4 points

Question 11

The normal balance for Cash is

		Debit
		Credit

4 points

Question 12

The normal balance for Loss on the Sale of Equipment is:

		Debit
		Credit

4 points

Question 13

Increase Interest Expense with a:

		Debit
		Credit

4 points

Question 14

The account classification for Accumulated Depreciation is a contra:

		Asset
		Liability
		Equity
		Revenue
		Expense

4 points

Question 15

The normal balance for Interest Expense is:

		Debit
		Credit

4 points

Question 16

Decrease Accounts Receivable with a:

		Debit
		Credit

4 points

Question 17

Increase Machinery with a:

		Debit
		Credit

4 points

Question 18

The normal balance for Supplies is:

		Debit
		Credit

4 points

Question 19

Accounts Payable would appear on the:

		Balance Sheet
		Income Statement
		Statement of Owner's Equity

4 points

Question 20

The normal balance for Salaries Expense is:

		Debit
		Credit

4 points

Question 21

The account classification for Consulting Revenue is:

		Asset
		Liability
		Equity
		Revenue
		Expense

4 points

Question 22

The account classification for Equipment is:

		Asset
		Liability
		Equity
		Revenue
		Expense

4 points

Question 23

The normal balance for Notes Payable is:

		Debit
		Credit

4 points

Question 24

Utilities Expense would appear on the:

		Balance Sheet
		Income Statement
		Statement of Owner's Equity

4 points

Question 25

The account classification for Accumulated Depreciation is a contra:

		Asset
		Liability
		Equity
		Revenue
		Expense