Serice $5,000 of revenue performed on account as o What is the appropriate debit to the adjusting entry that J Co. did not bil1 48. year end. needs to be made? Accumulated depreciation Interest Receivable Accounts Receivable Accounts Payable a. b. C. d. Closing entries do not include which of the following accounts? 49. drawings rental revenue service revenue a. b. C. d. unearned service revenue Advertising expense is what type of expense? 50. selling general and administrative office cost of goods sold expense a. b. C. d. Ma der Income sunmary is used for what type of entries? 40 regular d. all of the above c. adjusting closing b The capital account is 1. a. a permanent account a temporary account an asset account an income statement account b. Paying off a $10,000 notes payable with caah has what effect on a 42. firm's ower's equity? increase decrease no effect. C. The entry to record a sale of $750 with terms of 2/10, n/30 will inelude a 43 Debit Accounts Receivable $750 credit Sales $750. Debit Salea for $735, Credit Accounts Receivable $735. Credit Accounts Receivable $750, debit Sales $750. Debit Sales Discounts $15, Debit Cash $735, Credit Sales $750. a b. d. 44. Assets less Liabilities- a. Net Income owner's equity d. C. b. Net increase in equity property, plant, and equipment 45. Book value of an asset- its coat a. b. its cost plus accumulated depreciation its cost less accumulated depreciation its cost less depreciation expense for the year d. 46. A salea return for credit is recorded in the: sales journal. general journal. cash payments journal. cash receipts journal a b. d. 47- Which of the following is an asset that is intangible? Account payable Accounts receivable Trademarks Land held for future use. a b. C. d. To be continued on next page A