Sale of Goods on Account (Revenue) Merchandise was sold on account. In the Revenue part of the seller's Journal Entry: The debit will increase The debit account appears in the The credit will increase The credit account appears as Moying to another question will save this response. 80 600 600 (increase/decrease) the Accounts Receivable account. section of the Allowance for Doubtful Accounts (Financial Statement). (increase/decrease) the account.. (Revenue/Expense) on the (Financial Statement). 31 tv MacBook Air STA A w DI DD Question 4 Sale of Goods on Account (Expense) Merchandise was sold on account. In the Expense part of the seller's Journal Entry: The debit will The debit account appears before The credit will The account credited appears in the (increase/decrease) the on the (increase/decrease) the section of the Moving to another question will save this response. JUL 31 tv MacBook Air account. (Financial Statement). account. (Financial Statement) STA A Depreciating Fixed Assets A business purchased, and recorded, machinery on May 1. The machinery was used in production during May. The following Journal Entry will be made by the business on May 31. The debit will The debit account appears as a (an) | The credit will The credit account reduces i account. (increase/decrease) the (Revenue/Expense) on the (Financial Statement) (increase/decrease) the on the (Financial Statement). account.. Moving another question will save this response # 80 9 31 dtv MSGERICKOUMPE 588 14 & 04 D 17 " . DO 8 19 70 Question of 12 + 4 point Accrued Interest on Short-Term Notes A business issued, and recorded, a 3-month Note Payable on July 1 to buy equipment. The business will make the following Journal Entry to accrue interest on July 31. The debit will The debit account appears as a (an) The credit will The credit account appears in the Moving to another question will save this response. (increase/decrease) the (Revenue/Expense) on the (increase/decrease) the section of the 31 stv MacBook Air 27 80 13 888 F4 16 100 27. account. (Financial Statement) account. (Financial Statement). 32 " A 8= Question A w 9 PM Monthly Payment of Interest-Beating Note Payable. A business issued, and recorded, a 5-year Note Payable on August 1. The following Journal Entry will be made by the business on August 31, when making the first payment. A (debit/credit) will (increase/decrease) the Interest Expense account A (debit/credit) will (increase/decrease) the Notes Payable account. A (debit/credit) will (increase/decrease) the Cash account. In this problem, Notes Payable appears in the section of the 1 (Financial Statement) Moving another question will save this response. 42 31 tv 74 AIS 80 2 888 MacBook Al g= Question 10 of 32 DO " 911 Monthly Payment of Interest-Bearing Note Payable A business issued, and recorded, a 5-year Note Payable on August 1. The following Journal Entry will be made by the business on August 31, when making the first payment. A (debit/credit) will (increase/decrease) the Interest Expense account. A (debit/credit) will (increase/decrease) the Notes Payable account. A (debit/credit) will (increase/decrease) the Cash account. In this problem, Notes Payable appears in the section of the (Financial Statement). Moving to another question will save this response 80 23 288 14 31 @tv MacBook All "T DI A 8 Q Question to ora 911 GE Semiannual Payment of Bond Interest A business issued, and recorded, a 10-year Bond Payable on July 1. The Bond was issued at a Premium. The following Journal Entry will be made by the business on December 31, when making the semiannual interest payment. A (debit/credit) will A (debit/credit) will A (debit/credit) will Premium on Bonds Payable appears in the 1 section of the 80 608 14 27 23 (increase/decrease) the Bond Interest Expense account. (increase/decrease) the Premium on Bonds Payable account (increase/decrease) the Cash account. (Financial Statement). dtv MBA A A 16 & 8= Di DD 99 110 + Sale of Treasury Stock above Cost A business sells shares of its Treasury Stock above the reacquisition cost. The following Journal Entry will be made by the business for the sale. A (increase/decrease) the Cash account. (debit/credit) will A (debit/credit) will A (debit/credit) will Treasury Stock appears in the section of the Moving to another question will save this response www 80 900 000 31 tv (increase/decrease) the Treasury Stock account. (increase/decrease) the Paid-In Capital from Treasury Stock account. (Financial Statement). MsBOOK AR 37 Dil A 80 19 10 Ques