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In Year 2, Greenleaf Company records the payment of $500 cash for an expense accrued in Year 1 and records the accrual of $325 for another expense. The combined impact of these two entries on Liabilities and Year 2 Expenses is, respectively: Select one: O a. Decrease by $325 and Increase by $825 b. Decrease by $175 and Increase by $325 O c. Decrease by $825 and increase by $325 Od. Decrease by $825 and increase by $825 Oe. Decrease by $175 and Decrease by $500 A machine is purchased on 1/1/16 for $18,000. Estimated life is 10 years and the estimated salvage value is $3,000. Straight-line depreciation is used. What will be the Depreciation Expense listed on the 2018 Income Statement and the Book Value on the 12/31/17 Balance Sheet, respectively? of Select one: O a. Depreciation Expense $3,000 and Book Value $15,000 b. Depreciation Expense $3,600 and Book Value $14,400 O c. Depreciation Expense $1,500 and Book Value $15,000 O d. Depreciation Expense $1,800 and Book Value $14,400 e. Depreciation Expense $1,500 and Book Value $16,500 Which of the following correctly identifies the normal balances of Unearned Revenue and Sales Revenue? Select one: O a. Both Unearned Revenue and Sales Revenue are debits O b. Unearned Revenue is a debit and Sales Revenue is a credit O c. Unearned Revenue is a credit and Sales Revenue is a debit O d. Both Unearned Revenue and Sales Revenue are credits A trial balance prepared after the closing entries have been posted would include which of the following accounts? Select one: a. Interest Expense O b. Retained Earnings O c. Sales Discounts O d. Cost of Goods Sold e. Service Revenue U Which accounts would be increased with debits? Select one: O a. Purchase Discount, but not Bad Debt Expense O b. Neither Purchase Discount nor Bad Debt Expense O c. Bad Debt Expense, but not Purchase Discount d. Both Purchase Discount and Bad Debt Expense