GB 518 RANK Extraordinary Life/gb518rank.com GB 518 RANK Extraordinary Life/gb518rank.com | Page 14

$ 134,500 decrease $ 134,000 increase
Question 3. Question: A debit is: An increase in an account The right-hand side of a T-account A decrease in an account The left-hand side of a T-account An increase to a liability account
Question 4. Question: Which of the following elements are found on the Balance Sheet?
Service Revenue Net Income Operating Activities Utilities Expense Retained Earnings
Question 5. Question: A credit is used to record:

$ 134,500 decrease $ 134,000 increase

Question 3. Question: A debit is: An increase in an account The right-hand side of a T-account A decrease in an account The left-hand side of a T-account An increase to a liability account

Question 4. Question: Which of the following elements are found on the Balance Sheet?

Service Revenue Net Income Operating Activities Utilities Expense Retained Earnings

Question 5. Question: A credit is used to record: