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Posted on Sep 14, 2024

Question 31 Accounts that normally have credit balances are: O A. Assets, expenses, and revenues. O B. Assets, revenues, and owner's capital. OC. Assets, liabilities,

Question 31 Accounts that normally have credit balances are: O A. Assets, expenses, and revenues. O B. Assets, revenues, and owner's capital. OC. Assets, liabilities, and owner's drawing. O D. Liabilities, revenues, and owner's capital. in a periodic inventory system, the cost of goods sold is determined: O A None of the above. O B. Each time a sale occurs. OC Each time a purchase occurs. O D. At the end of the accounting period. Question 8 Sales returns and allowances and sales discounts are: O A. Sales accounts. O B. Expense accounts. O C. Contra revenue accounts. O D. Liability accounts. Ombre Coman reserves to begin werken septembris tachemelore recens a we wry of $2000 for 3 years A Sand we pense 30003 IC.Cat 1000 Cath & Sans and pense 40001 Ocents required 0 0.0 Salaries and wages Expende 4000) (Cr. Cash 4000). ROLA Comenty reported the following date from their hinanderstatements for 2010 Notes Payable $200.000 500.000 dus after 12/21/2020). Other long-term 150.000.000 due in 2030. Uneaed Revenue 175.000, Accounts Payable 3100.000. Ses Payable $27.006. Determine the total currently of BOLAS Company on Decem D A Total current abrity - 5547.000 a Total Current Laby 5467.000 O Total Current ability - $397.000 OD. Total Current ability - 5347.000 Presented below is selected information related to for Hippo company to prepare Owners Equity statement for 2020. Supones 15.000 175.000 W enes 12.000 Cash 521.000, Drawings 5900. Accounts receivable 33.000 capital on january 157.000 investment 1.000. Determine the sun D1000 O A Owhere Capital on December 31, 2020 - $11.900 OB. Owners Capital on December 31, 2020-517.000 Oc Owner's Capital on December 31, 2020 - 3119.00 OD Owners Capital on December 31, 2020 - $11.900 Question 31 Accounts that normally have credit balances are: O A. Assets, expenses, and revenues. O B. Assets, revenues, and owner's capital. OC. Assets, liabilities, and owner's drawing. O D. Liabilities, revenues, and owner's capital. in a periodic inventory system, the cost of goods sold is determined: O A None of the above. O B. Each time a sale occurs. OC Each time a purchase occurs. O D. At the end of the accounting period. Question 8 Sales returns and allowances and sales discounts are: O A. Sales accounts. O B. Expense accounts. O C. Contra revenue accounts. O D. Liability accounts. Ombre Coman reserves to begin werken septembris tachemelore recens a we wry of $2000 for 3 years A Sand we pense 30003 IC.Cat 1000 Cath & Sans and pense 40001 Ocents required 0 0.0 Salaries and wages Expende 4000) (Cr. Cash 4000). ROLA Comenty reported the following date from their hinanderstatements for 2010 Notes Payable $200.000 500.000 dus after 12/21/2020). Other long-term 150.000.000 due in 2030. Uneaed Revenue 175.000, Accounts Payable 3100.000. Ses Payable $27.006. Determine the total currently of BOLAS Company on Decem D A Total current abrity - 5547.000 a Total Current Laby 5467.000 O Total Current ability - $397.000 OD. Total Current ability - 5347.000 Presented below is selected information related to for Hippo company to prepare Owners Equity statement for 2020. Supones 15.000 175.000 W enes 12.000 Cash 521.000, Drawings 5900. Accounts receivable 33.000 capital on january 157.000 investment 1.000. Determine the sun D1000 O A Owhere Capital on December 31, 2020 - $11.900 OB. Owners Capital on December 31, 2020-517.000 Oc Owner's Capital on December 31, 2020 - 3119.00 OD Owners Capital on December 31, 2020 - $11.900