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which the following true By a tool used to make sure that all accounts have normal balances. C) a chronological record of the day's transaction.

which the following true

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By a tool used to make sure that all accounts have normal balances. C) a chronological record of the day's transaction. Dj a tool used to ensure that debits equal credits. (7) Which of the following accounts would be increased by a debit A) Cash B) Accounts Payable C) Capital D) Fors Earned 43) What is the proper entry to show the owner making an investment in the company? A) A credit to Cash and a debit to Capital B) A debit to Cash and a credit to Capital C) A debit to Cash and a credit to Revenue D) A credit to Cash and a debit to Revenue 44) The Withdrawals account is A) a revenue, and it has a normal debit balance. Bj an expense, and it has a normal credit balance. () a liability, and it has a normal debit balance. D) an owner's equity component, and it has a normal debit balance. 45) Which of the following entries would be used to record the billing of fees earned? A) Debit Accounts Receivable and credit Rental Fees B) Credit Cash and credit Rental Fees C) Debit Cash and credit Rental Fees D) Debit Cash and debit Rental Fees 46) Which of the statements of the rules of debit and credit is TRUE? A) Decrease Accounts Receivable with a credit and the normal balance is a credit B) Increase Accounts Payable with a credit and the normal balance is a credit. C) Increase Capital with a debit and the normal balance is a debit. Dj Decrease Cash with a debit and the normal balance is a debit. 47) Which of the following entries records the investment of cash by John, owner of a sole proprietorship? A) Debit John, Capital; credit Cash B) Debit Cash; credit John, Withdrawals C) Debit John, Withdrawals; credit Cash D) Debit Cash; credit John, Capital

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