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Author Question: A debit represents an increase in a. an asset. b. a liability. c. owner's equity. d. ... (Read 28 times)

humphriesbr@me.com

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on: Jul 5, 2018
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.


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pocatato

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

B


humphriesbr@me.com

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  • Posts: 550
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

meow1234

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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