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Answer items 1-8 on the Scantron form. Match each account or description on the left...

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Accounting

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Answer items 1-8 on the Scantron form. Match each account or description on the left (1-8) with the appropriate classification (ae) on the right. (1 point each) 1. Unearned subscription revenue 2. Fee paid on a credit card sale 3. Credit card receivables a. Asset b. Liability 4. Interest payable c. Expense 5. Allowance for doubtful accounts d. Contra-revenue 6. Sales discounts for early payment of accounts receivable e. Contra-asset 7. Research and development expenditures 8. Prepaid rent Answer items 9 - 13 on the Scantron form. For each action on the left, indicate the effect on Net Income. Analyze each action independently of the others. (2 points each) 9. A company sells products to customers on account a. Increase 10. A company declares dividends on common stock b. Decrease 11. A company sells services for cash c. No effect 12. A company records interest expense that will be paid in cash later 13. A company makes an adjusting entry for a previously purchased insurance policy

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