Quiz 2 help please

Question 9 4 pts When a transaction occurs, it is first recorded in a trial balance O general journal (journal) O ledger account (T-account) balance sheet Question 10 4 pts Unearned revenue is O a customer's promise to pay in the future for services or goods sold O a debt owed for renting a building currently O a liability created when a business collects cash from customers in advance an amount earned from services to customers D Question 7 4 pts On January 15, we paid four month's rent in advance, which equals $2,000. What account would we debit when we journalize this entry? O rent expense cash O prepaid rent account payable D Question 8 4 pts On May 25, we received a $1,000 payment on account. What account would we credit when we journalize this entry? accounts payable cash accounts receivable fees earned D Question 5 4 pts Which of the following types of accounts are decreased with a credit? assets and expenses O llablitles and expenses o revenues and assets owner's equity and expenses DI Question 6 4 pts On August 15, we purchased equipment for $5,000. We paid $1,000 down with the remainder to be paid later. What account(s) would we debit when we journalize this entry? O cash and accounts payable O equipment O equipment and accounts payable O accounts payable