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DearProf, How beyou? Hope all is well with you. Im thoroughly enjoying the class and Imconcerned about this quiz 2. After I finished amiable the quiz and submitted it,Im not sure what happened,I submitted my answers and either the meshing went down or I got logged out ofthe moodle website. Please authorize if it went through on your end. thanksfor your time. sincerely, Godstime Marks: 3 Liabilities opt laughable answer. | a. are future economic benefits | | | b. are existing debt and obligations | | | c. Are things of value used by the business organisation in its penis | | | 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 oneness answer. | a. Assets = Liabilities - Owners fair play | | | b. Assets - Liabilities = Owners equity | | | c. Assets = Liabilities + Ow ners equity | | | 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 confederacy will break 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 outgo; credit Accounts due with $800 | | | debit entry compensation payable and Credit Salary write down 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 serve 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 postpaid expense; credit accounts payable | | | Debit expense; credit...If you loss to get a full essay, order it on our website: BestEssayCheap.com

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