Multiple Choice
When revenue is earned from charge account sales, the accountant:
A) debits Cash and credits a revenue account.
B) debits Accounts Receivable and credits a revenue account.
C) debits a revenue account and credits the capital account.
D) debits a revenue account and credits Accounts Receivable.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: The balances for the accounts listed
Q22: The normal balance of a liability account
Q23: The right side of an account is
Q24: The account Moriah Paige, Capital, would appear
Q25: Revenue is a component of owner's equity.
Q27: The balances for the accounts listed below
Q28: Revenue and expense accounts are called_ accounts.
Q29: On a statement of owner's equity, beginning
Q30: The accounts with their respective balances for
Q31: The increase side of an account represents