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Which of the following is an asset account? A) Dividends B) Cash...

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Question

Accounting

Which of the following is an asset account?
A) Dividends
B) Cash
C) Notes Payable
D) Unearned Revenue
Which of the following is a liability account?
A) Building
B) Accounts Receivable
C) Notes Payable
D) Cash
Healthy Living, a diet magazine, collected $240,000 in subscription revenue on
May 31. Each subscriber will receive an issue of the magazine in each of the next 12
months, beginning with the June issue. The company uses the accrual method of
accounting. What is the amount of Subscription Revenue that has been earned by the end
of December?
A) $100,000
B) $180,000
C) $240,000
D) $140,000
Unearned Revenue is a(n) account and carries a normal
?bar( balance. ).
account and carries a normal
A) liability; credit
B) asset; credit
C) revenue; debit
D) asset; debit
The entry to record depreciation includes a debit to the
A) Equipment account
B) Cash account
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