Which of the following affects a company’s equity:
A: Machine
B: Service Revenue
C: Accounts Receivable
D: Cash
A: Machine
B: Service Revenue
C: Accounts Receivable
D: Cash
举一反三
- Johnson Corporation recently borrowed $10,000 cash from the bank. Which of the following was affected by this transaction? A: Cash B: Land C: Accounts receivable D: Owner's equity
- An attorney performs services of $1,100 for a client and receives $400 cash, with the remainder on account. The journal entry for this transaction would A: debit Cash, debit Service Revenue, credit Accounts Receivable. B: debit Cash, debit Accounts Receivable, credit Service Revenue. C: debit Cash, credit Service Revenue. D: debit Cash, credit Accounts Receivable, credit Service Revenue.
- Which of the following current assets will not generate cash in the future? A: prepayments B: accounts receivable C: inventory D: marketable securities
- Which of the following accounts are permanent accounts? A: asset B: liability C: owner's capital D: revenue
- Indicate whether each of the following is identified with a liability.(2分) A: Equipment B: Accounts Receivable C: Cash D: Accounts Payable