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Author Question: Payment of a telephone bill represents an increase in a(n) a. asset. b. liability. c. revenue. ... (Read 141 times)

RYAN BANYAN

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on: Jul 5, 2018
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


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blakeserpa

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

d

Answer to Question 2

b


RYAN BANYAN

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

gcook

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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