Cole Company acquired $11,000 cash from the issue of common stock. Which of the following shows the general journal entry required to recognize this event?

Bijan Corporation earned $4,000 of revenue that had been deferred. How would the related adjusting entry be recorded in the company’s T-accounts?

Expenses are reported on which of the following financial statement(s)?

The entry to recognize depreciation expense incurred on equipment involves which of the following?

Which of the following appears in the investing activities section of the statement of cash flows?

Expenses are reported on which of the following financial statement(s)?

Signal Company experienced an accounting event that is shown in the following journal entry: Account TitleDebitCreditUtilities Expense2,100 Utilities Payable 2,100 Which of the following reflects how this entry affects the company’s financial statements?

On August 1, Year 1, Gomez Company borrowed $66,000 cash. The one-year note carried a 5% rate of interest. Which of the following shows how the accrual of interest expense in Year 2 will affect Gomez’s financial statements?

Which of the following elements is increased with a debit?

Stosch Company’s balance sheet reported assets of $40,000, liabilities of $15,000 and common stock of $12,000 as of December 31, Year 1. Retained earnings on the December 31, Year 2 balance sheet is $18,000 and Stosch paid a $14,000 dividend during Year 2. What is the amount of net income for Year 2?