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Use the following accounts of Amy's Winehouse at year end to answer questions #16-#18. Notes payable $5,000; Accounts receivable $2,500; Cash $2,500; Land $11,000; Accounts payable $???; Equipment $3,100; Capital $8,000. Note these are all of the accounts for the year. 16.) Total assets for HIJ Corporation at year end are: (a.) $8,100 (b.) $19,100 (c.) $24,100 (d.) $32.100 (e.) none of the above 17.) Accounts payable for HIJ Corporation at year end are: (a.) $4.900 (b.) $5,100 (c.) $5.150 (d.) $5,850 (e.) none of the above 18.) Total liabilities for HIJ Corporation at year end are: (a.) $10,100 (b.) $10,150 (c.) $10.850 (d) $11,150 (e.) none of the above 19.) A normal balance is the side of the account where increases are recorded. Indicate which answer shows the correct normal balances for each type of account: (a.) Credit of Revenue; Debit of Expense; Debit of Liability (b.) Debit of Revenue; Credit of Expense; Credit of Liability (c.) Debit of Revenue; Credit of Expense; Debit of Liability (d.) Credit of Revenue; Credit of Expense; Credit of Liability (e.) none of the above 20.) Indicate the correct accounts to be debited and credited when a company has paid salaries expense: (a.) Dr. Salaries Payable, Cr. Cash (6.) Dr. Cash, Cr. Salaries Payable (c.) Dr. Salaries Payable, Cr. Salary Expense (d.) Dr. Salary Expense, Cr. Salaries Payable (e.) none of the above

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