QUESTION 1 Which of the following would be recorded as a debit (DR)? Increase to Accounts Receivable; Decrease to Unearned Revenue Decrease to Prepaid Rent Increase to Common Stock Increase to Salaries Payable; Increase to Interest Expense Decrease to Accounts Payable; Increase to Interest Revenue QUESTION 3 A business purchased equipment for $150,000 on January 1, 2019. The equipment will be depreciated over the five years of its estimated useful to using the straight-line depreciation method. The business records depreciation once a year on December 31. Which of the following is the adjusting entry required to record depreciation on the equipment for the year 2019? (Assume the residual value of the acquired equipment to be zero) Debit $150,000 to Depreciation Expense-Equipment, and credit 5150,000 to Accumulated Depreciation --Equipment Debit 530,000 to Depreciation Expense, and credit $30,000 to Equipment Debit $150,000 to Equipment, and credit $150,000 to Cash Debit $30,000 to Depreciation Expense-Equipment, and credit $30,000 to Accumulated Depreciation-Equipment QUESTION 5 Which of the following have normal credit balance? a. Not Payable b. Dividends c. Service Revenue d. Common Stock e. Utilities Expense f. Office Supplies g. Unearned Revenue a, b, d, e, 9 a c d b, e, f a, c, d, 9