Use the following information to answer the two questions that follow.

Fred Company declared and paid a cash dividend to its stockholders.

1. The journal entry would include a debit to which account?

a. Revenue

b. Dividends

c. Common stock

d. Cash

e. Accounts payable

2. The journal entry would include a credit to which account?

a. Revenue

b. Dividends

c. Common stock

d. Cash

e. Accounts payable

Use the following information to answer the two questions that follow.

Frank Company purchased computer equipment and paid $14,000 cash.

1. The journal entry would include a debit to which account?

a. Computer Equipment Expense

b. Computer Equipment

c. Cash

d. Accounts payable

e. Accumulated Depreciation Computer Equipment

2. The journal entry would include a credit to which account?

a. Computer Equipment Expense

b. Computer Equipment

c. Cash

d. Accounts payable

e. Accumulated Depreciation Computer Equipment

Use the following information to answer the two questions that follow.

On January 6, Ochoa Company performed services for one of its client and billed the client for the amount due.

1. What account will Ochoa debit on January 6?

a. Unearned Revenue

b. Revenue

c. Cash

d. Account Payable

e. Accounts Receivable

2. What account will Ochoa credit on January 6?

a. Unearned Revenue

b. Revenue

c. Cash

d. Account Payable

e. Accounts Receivable