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Author Question: Cash appears in which worksheet column and has the following normal balance: a. Balance Sheet, DR ... (Read 54 times)

fahad

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  • Posts: 570
on: Jul 6, 2018
Cash appears in which worksheet column and has the following normal balance:
 a. Balance Sheet, DR
   b. Balance Sheet, CR
   c. Income Statement, DR
   d. Income Statement, CR

Question 2

An Enterprise Fund made a debt service payment of 75,000 (45,000 principal, 30,000 interest). The Enterprise Fund will report
 
  a. 30,000 of expense.
  b. 75,000 of expense.
  c. 0 expenses.
  d. a liability reduction of 75,000.


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mcinincha279

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Reply #1 on: Jul 6, 2018
Answer to Question 1

a

Answer to Question 2

A


fahad

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  • Posts: 570
Reply 2 on: Jul 6, 2018
Excellent

tranoy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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