Which of the following is an asset account?

A$)$ Dividends

B$)$ Cash

C$)$ Notes Payable

D$)$ Unearned Revenue

Which of the following is a liability account?

A$)$ Building

B$)$ Accounts Receivable

C$)$ Notes Payable

D$)$ Cash

Healthy Living, a diet magazine, collected $$240,000$ in subscription revenue on

May $31.$ Each subscriber will receive an issue of the magazine in each of the next $12$

months, beginning with the June issue. The company uses the accrual method of

accounting. What is the amount of Subscription Revenue that has been earned by the end

of December?

A$)$ $$100,000$

B$)$ $$180,000$

C$)$ $$240,000$

D$)$ $$140,000$

Unearned Revenue is a$($n$)$ account and carries a normal

$\frac{?}{\text{b}\text{a}\text{r}}($ balance. $).$

account and carries a normal

A$)$ liability; credit

B$)$ asset; credit

C$)$ revenue; debit

D$)$ asset; debit

The entry to record depreciation includes a debit to the

A$)$ Equipment account

B$)$ Cash account