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  1. business
  2. accounting
  3. g credits a) decrease both assets and liabities b)

g Credits A) decrease both assets and liabities B) decrease assets and increase liabilties C)...

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Accounting

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g Credits A) decrease both assets and liabities B) decrease assets and increase liabilties C) increase both assets and liabilities D) increase assets and decrease labilties 20. A proprietorship is a business A) owned by one person B) owned by two or more persons C) organized as a separate legal entity under state D) owned by a governmental agency 21. The left side of an account is A) blank B) a description of the aocount C) the debit side D) the balance of the account 22 A list of accounts and their balances at a given time is called an) A) journal B) posting C) trial balance D) income statement 23. which of the follawing journal entries is recorded correctly and in the standand fome A) Wages Expense 600 Cash ,500 Advertising Expense B) Wages Expense Advertising Expense 900 600 1,500900 C) Cash 1,500 Wages Expense Advertising Expense 600 900 D) Wages Expense Advertising Expense 600 900 Cash 1,500 24. During April 2015, its first month of operations, the owner of SHARK Enterprses invested cash of $25,000 SHARK had cash revenues of $4,000 and paid expenses $7000. Assuming no other transactions impacted the cash account, what is the baia n Cash at April 30? A) $3,000 credt B) $22,000 debit C) $29.000 debit D) $18.000 credit

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