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Answer iftems 18 on the Seantron form. Mateh each accaunt or descriptien on the leh ( (18) With the appropriate classiffeation (a) on the right. (I point rash) 1. Unearned aubseripeion reveroe 2. Fee paid on a credit cand saie 3. Credit card receivables: 4. Interest payable: a. Asset b. Liboing 5. Allowance for deubertul accounts e. Expense 6. Sales discounts for early pwoment of accounts receivable 7. Research and development expenditures d. Comra-revenute e. Contronasevt 8. Prepaid rent Answer iteans 913 on the Scastron form. For cacb aetion on the left, indicate the cifirctan Nies Income. Analyze each action independently of the others, (2 points each) 9. A company sells prodocts to customers on account. a. Inctease 10. A company declares dividends on common stock b. Decrease 11. A company sells servicos for eash c. Noeflect 12. A compony records interest expense that will be paid in eash later 13. A company makes an adjusting entry for a previously purchased insurance policy. Answer questions 1434 on the Seantron form. Choose one answer per question. ( 2 points each) Using the following information to answer questions 14 and 15 below. Stupendous Company issued 10.000 shares of $1 par value common stock during its TPO. The issuance price was $20 per share. Stupendous later repurchased 500 shares at a price of $40 per share. 15. The journal entry to record the repurchase of 500 shares by Stupendous will include: a. A debit to common stock of $500. b. A credit to retained earnings of $20,000. c. A credit to additional paid-in capital of $19,500 d. A debit to Treasury stock of $20,000

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