the timberwolves basketball team receive 5000 for season ticket on

12. The Timberwolves basketball team receives 95.000 5,000 of the researc evenue has been the a. Cash Ticket Revenue b. Ticket Revenue Unearned Revenue C. Unearned Revenue Ticket Revenue d. Cash 55.000 55.000 53,000 53,000 Unearned Revenue 3. Which of the following accounts would be included in a a. Service Revenue $3.000 $3,000 $5.000 55.000 singer b. Inventory Accounts Receivable 14. The entry to close the Salaries Expense Account would include Credit to Salaries Payable Debit to Salaries Expense b. Credit to Salaries Expense d Credit to retained Earnings d. Accounts Paya 15. Mankato C Wiankato Corp. started the year with $1.000 in supplies. During the year. 510.000 $10,000 in supplies were Marchased. At the end of the year anhusteal count of supplies shows that $1.500 of supplies were purchased Arab hand at na at December 31. The adjusting entry needed on December 31 for supplies is a. debit supplies $1,500, credit supplies expense $1,500 b. debit accounts payable $9,500, credit supplies 59,500 c. debit supplies expense $9,500, credit supplies $9,500 d. debit supplies expense $9.500. credit accounts payable $9,500 16. The entry to record depreciation on equipment includes a: a. debit to accumulated depreciation and a credit to depreciation expense b. Debit to depreciation expense and credit to the equipment account C. Debit to depreciation expense and a credit to cash d. Debit to depreciation expense and a credit to accumulated depreciation 17. Under the allowance method for recording bad debts, the entry to record the adjustment for bad debt expense includes a: a. Debit to accounts receivable and credit to bad debt expense b. Debit to bad debt expense and credit to allowance for uncollectable accounts C. Debit to allowance for uncollectable accounts and credit to accounts receivable d. Debit to bad debt expense and credit to cash 8. The will show whether a company is profitable, while the will show what the company owns and how much debt the company has. a. Income statement, balance sheet b. Balance sheet, income statement b. Income statement, statement of cash flows d. Statements of cash flows, balance she Accounts receivable are shown on the: a. Income statement at fair market value b. Balance sheet at net realizable value C. Balance sheet at historical cost d. Balance sheet at fair market value