QUESTION 5 Dividends normally carry a balance and are shown in the a. None of the answers given are correct b. Debit: Balance sheet Debit; Income statement O d. Credit: Balance sheet c e Debit: Statement of stockholders' equity QUESTION 6 YaHo, Inc. noted the following transactions which occurred in July July 1 Received a $600 cash payment from a customer for services provided in June on account. July 6 Provided $1,900 worth of services to a customer on account July 8 Provided $2,050 worth of services to a customer who paid cash. July 11 Received a $350 cash payment from a customer for whom YaHo had already provided services for on July July 18 6th Received a $900 cash payment from a customer for services to be provided in August. Under accrual-basis accounting, how much revenue should the firm recognize in July? O a $2.950 ob.$1,900 C.$5,800 d. $2,050 e$3,950 QUESTION 7 Below is a list of accounts for New Nature, Inc.: Depreciation Expense Dividends Rent Expense Additional Paid in Capital Common Stock Supplies Sales Revenue Goodwill Cost of Goods Sold Inventory Deferred Revenue How many of these accounts would appear on New Nature's balance sheet? O a. Three b.Four OC. Five. d. Six O e Seven QUESTION 8 On 4/20/2019. Sometimes, Ltd. issued 25,000 shares of $0.20 par value common stock for 58 per share. The journal entry to record this issuance would include: O a A credit to Common Stock for $200,000 Ob. A credit to Common Stock for $5,000 OCA debit to Additional Paid-in Capital for $195,000 Od A credit to Additional Paid-in Capital for $200,000 O A debit to Cash for $5,000 QUESTION 9 An accrued expense occurs when Cash payment (or an obligation to pay cash) occurs before the expense recognition. b. Cash is paid but an expense is never recorded. OC. None of the answers given are correct. Od An expense is recorded at the same time as the cash payment. Oe. The expense is recognized before the payment of cash