The left side of a T$-$account is known as the:

A$.$ Equity side

B$.$ Claims side

C$.$ Debit side

D$.$ Credit side

The difference between the debit and credit side of a T$-$account is known as the

A$.$ Net income.

B$.$ Account balance.

C$.$ Equality.

D$.$ Trial balance.

Which of the following is increased with a credit?

A$.$ Salaries Expense

B$.$ Prepaid Rent

C$.$ Dividends

D$.$ Accounts Payable

Revenue on account amounted to $$5,000.$ Cash collections of accounts receivable amounted to $$2,300.$ Expenses for the period were $$2,100.$ Net income for the period was

A$.$ $$200.$

B$.$ $$350.$

C$.$ $$3,050.$

D$.$ $$2,900.$

The Blumer Company issued stock for $$30,000$ cash on January $20,2007.$ During $2007,$ the company recorded revenue on account of $$12,000$ and expenses for which cash was paid of $$7,000.$ Blumer received $$8,200$ cash from accounts receivable. The company also purchased land for $$5,000$ cash. Based on this information, the amount of change in cash for $2007$ was

A$.$ $$38,200$

B$.$ $$26,200$

C$.$ $$31,500$

D$.$ $$30,000$