This topic contains a solution. Click here to go to the answer

Author Question: Payment of a telephone bill represents an increase in a(n) a. asset. b. liability. c. revenue. ... (Read 155 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
Payment of a telephone bill represents an increase in a(n)
 a. asset.
   b. liability.
   c. revenue.
   d. expense.

Question 2

Balance sheet accounts
 a. represent amounts accumulated during a specific period of time
  b. are called real accounts
  c. have zero balances after the closing entries have been posted
  d. are not affected by adjustments



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakeserpa

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

d

Answer to Question 2

b




RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Jul 5, 2018
:D TYSM


diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

For a complete list of videos, visit our video library