简答题Decreases to liabilities accounts normally are recorded using debits.简答题The debit side is the left side, while the credit side of an account is the right side. A debit to a ledger account refers to the entry of an amount on the right side of an account.简答题The accounting equation may be described as "assets minus owners" equity equals liabilities.简答题The collection of an account receivable causes a decrease in total assets.简答题When a company uses the double-entry method, the total dollar amount of debits recorded must equal the total dollar amount of credits recorded, and the number of debit and credit entries also must equal.简答题Johnson Corporation recently borrowed $10,000 cash from the bank. Which of the following was affected by this transaction? A、Cash. B、Land. C、Accounts receivable. D、Owner's equity.简答题All asset accounts normally have a debit balance.简答题The repayment of Accounts Payable is recorded by a ____ A、debit to Cash and a debit to Accounts Payable. B、credit to Cash and a debit to Accounts Payable. C、debit to Cash and a credit to Accounts Payable. D、credit to Cash and a credit to Accounts Payable.简答题Which of the following cannot be defined as an asset? A、An economic resource owned (or controlled) by a business and expected to benefit the future operations. B、An economic resource representing the right to receive cash in the near future. C、Something owned by a business that can't be valued fairly. D、Something with physical substance which is valued at cost in the accounting records.简答题Which of the following will cause a change in the owners' equity of a business? A、Purchase of equipment with cash. B、Payment of the liability with cash. C、Investment of cash in the business by the owner. D、Sale of equipment for cash at cost.简答题Which of the following is not an asset? A、Cash. B、Accounts Receivable. C、Land. D、Salaries Payable.简答题The payment of a liability will cause the total owners' equity to increase.简答题When a business borrows money from a bank, the immediate effect is an increase in total assets and an increase in owners' equity.简答题The purchase of tools on account is recorded by a ____ A、debit to Accounts Payable and a credit to Tools. B、credit to Tools and a credit to Accounts Payable. C、debit to Tools and a credit to Accounts Payable. D、debit to Tools and a debit to Accounts Payable.简答题A transaction that causes a decrease in an asset may also cause an increase in another asset, a decrease in a liability, or a decrease in owners' equity.简答题If total dollar amount of debit entries in an account is more than total dollar amount of credit entries, the account will have a debit balance.简答题Mr. Wang owner of a small company, invested an additional $15,000 in the company. Which of the following would be a part of the correct journal entry to record this transaction? A、A debit to the Cash account. B、A debit to the Accounts Payable account. C、A debit to the Wang Capital account. D、A debit to the Accounts Receivable account.简答题The Cash T-account has a beginning balance of 10,000 was debited and 8,000 debit balance B、9,000 credit balance D、$9,000 debit balance