A debit represents an increase in a. an asset. b. a liability. ...

[humphriesbr@me.com]

A debit represents an increase in
 a. an asset.
   b. a liability.
   c. owner's equity.
   d. revenues.

Question 2

The Capital Projects Fund issued general long-term debt at a premium. The one-worksheet conversion adjustment would include a
 
  A. Debit to cash.
  B. Credit to bonds payable.
  C. Debit to unamortized premium on bonds.
  D. Credit to other financing sources.

[pocatato]

Answer to Question 1

a

Answer to Question 2

B

[humphriesbr@me.com]

Excellent

[cdmart10]

Thanks for the timely response, appreciate it