Reference no: EM133006283

Problem 1: An adjusting entry cannot include a debit to a(n)

Select one:

a. Asset and a credit a revenue

b. Liability and Credit to a revenue

c. Expense and credit to an asset

d. Asset and credit to a liability

Problem 2: Cash flow category. Cash received for services rendered.

Select one:

a. Financing

b. Investing

c. None of the above

d. Operating

Problem 3: Cash flow category. Cash paid for insurance on equipment.

Select one:

a. Investing

b. Operating

c. Financing

d. None of the above