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DearProf, How beyou? Hope all is well with you. Im thoroughly enjoying the class hitherto Imconcerned about this quiz 2. After I finished pleasant the quiz and submitted it,Im not sure what happened,I submitted my answers and either the meshwork went down or I got logged out ofthe moodle website. Please support if it went through on your end. thanksfor your time. sincerely, Godstime Marks: 3 Liabilities opt curious answer. | a. are future economic benefits | | | b. ar existing debt and obligations | | | c. Are things of value used by the line of descent in its offshoot | | | d. All of the preceding(prenominal) | | | e. N wholeness of the above | | Marks: 3 Which of the following IS NOT a satisfactory statement of the business relationship ( repose sheet) equation? Choose whizz answer. | a. Assets = Liabilities - Owners equity | | | b. Assets - Liabilities = Owners equity | | | c. Assets = Liabilities + Owners e quity | | | d. Assets - Owners equity = Liabilities | | | e. None of the above, because all are satisfactory statements of the balance sheet equation | | Marks: 4 On frame in 31, Calvin Co owed employees $800 in salaries that the partnership will net income in April.

What is the adjusting entry that will be required (if any) on sue 31 in the quarterly financial statements? Choose one answer. | debit profit consumption; credit Accounts due with $800 | | | debit entry requital payable and Credit Salary write off with $800 | | | debit entry Salary expense and Credit cash with $800 | | | Deb it Salary expense and Credit Salary payable ! with $800 | | | None of the above because no adjusting entry is required. | | Marks: 3 When a company receives the divine service and a bill for electricity consumed, but does not pay it right away, the required journal entry is: Choose one answer. | Debit expense; credit accounts receivable | | | Debit prepay expense; credit accounts payable | | | Debit expense; credit...If you lack to get a full essay, order it on our website: BestEssayCheap.com

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