1. the right - hand side of a t - account is the a. debit side. b. credit side. c. normal balance side. d…

1. the right - hand side of a t - account is the a. debit side. b. credit side. c. normal balance side. d. equity side. 2. when a business pays for insurance, prepaid insurance is a. increased by a debit. b. increased by a credit. c. decreased by a debit. d. decreased by a credit. 3. when a business receives revenue, sales is a. increased by a debit. b. increased by a credit. c. decreased by a debit. d. decreased by a credit. 4. when cash is paid for rent, rent expense is a. increased by a debit. b. increased by a credit. c. decreased by a debit. d. decreased by a credit. 5. when the owner withdraws cash, the owners drawing account is a. increased by a debit. b. increased by a credit. c. decreased by a debit. d. decreased by a credit. 6. the normal balance side of an owners capital account is the a. debit side. b. credit side. c. normal side. d. none of these. 7. the normal balance side of any revenue account is the a. debit side. b. credit side. c. normal side. d. none of these. 8. when services are sold on account for $500.00, a. sales is decreased with a debit and an accounts receivable account is increased with a credit. b. sales is increased with a debit and cash is increased with a credit. c. sales is increased with a credit and an accounts receivable account is increased with a debit. d. sales is increased with a credit and an accounts receivable account is decreased with a debit. 9. when $500.00 cash is received on account, a. sales is increased with a credit and accounts receivable is increased with a debit. b. accounts receivable is decreased and cash is increased with a credit. c. accounts receivable is increased with a debit and cash is increased with a credit. d. accounts receivable is decreased with a credit and cash is increased with a credit. century 21 accounting, 8th edition chapter 2 - test b

1. the right - hand side of a t - account is the a. debit side. b. credit side. c. normal balance side. d. equity side. 2. when a business pays for insurance, prepaid insurance is a. increased by a debit. b. increased by a credit. c. decreased by a debit. d. decreased by a credit. 3. when a business receives revenue, sales is a. increased by a debit. b. increased by a credit. c. decreased by a debit. d. decreased by a credit. 4. when cash is paid for rent, rent expense is a. increased by a debit. b. increased by a credit. c. decreased by a debit. d. decreased by a credit. 5. when the owner withdraws cash, the owners drawing account is a. increased by a debit. b. increased by a credit. c. decreased by a debit. d. decreased by a credit. 6. the normal balance side of an owners capital account is the a. debit side. b. credit side. c. normal side. d. none of these. 7. the normal balance side of any revenue account is the a. debit side. b. credit side. c. normal side. d. none of these. 8. when services are sold on account for $500.00, a. sales is decreased with a debit and an accounts receivable account is increased with a credit. b. sales is increased with a debit and cash is increased with a credit. c. sales is increased with a credit and an accounts receivable account is increased with a debit. d. sales is increased with a credit and an accounts receivable account is decreased with a debit. 9. when $500.00 cash is received on account, a. sales is increased with a credit and accounts receivable is increased with a debit. b. accounts receivable is decreased and cash is increased with a credit. c. accounts receivable is increased with a debit and cash is increased with a credit. d. accounts receivable is decreased with a credit and cash is increased with a credit. century 21 accounting, 8th edition chapter 2 - test b

Answer

Brief Explanations:

  1. En contabilidad, el lado derecho de una cuenta T es el crédito.
  2. El seguro prepagado es un activo y se incrementa con un débito.
  3. Las ventas son un ingreso y se incrementan con un crédito.
  4. El alquiler es un gasto y se incrementa con un débito.
  5. La cuenta de retiros del propietario se incrementa con un débito.
  6. El saldo normal del capital del propietario es crédito.
  7. El saldo normal de una cuenta de ingresos es crédito.
  8. Cuando se venden servicios a crédito, las ventas se incrementan con un crédito y la cuenta de cobros a receber se incrementa con un débito.
  9. Cuando se recibe efectivo por servicios prestados previamente, el efectivo se incrementa con un débito y la cuenta de cobros a receber se decrementa con un crédito.

Answer:

  1. b. crédito side
  2. a. increased by a debit
  3. b. increased by a credit
  4. a. increased by a debit
  5. a. increased by a debit
  6. b. credit side
  7. a. credit side
  8. d. Sales is increased with a credit and an accounts - receivable account is increased with a debit.
  9. c. Accounts Receivable is decreased with a credit and Cash is increased with a debit.