21) A T-account has a $922 credit balance. This account is most likely: A) office equipment. B) rent expense. C) dividends. D) sales revenue. E) cash. 22) An investment of cash in a...





21) A T-account has a $922 credit balance. This account is most likely:



A) office equipment.



B) rent expense.



C) dividends.



D) sales revenue.



E) cash.



22) An investment of cash in a business increases which account?



23) Name the three major parts of a T-account.



24) What is the normal account balance for revenue, accounts receivable, and common shares?



25) Office furniture, wages payable, and dividends have normal balances of __________, __________, and __________, respectively.



26) The retained earnings accounts of dividends, revenues, and expenses have normal balances of __________, __________, and __________, respectively.



27) The total amount of debits must equal the total amount of credits. This is a rule of __________.



28) Cash, common shares, and advertising expense have normal balances of __________, __________, and __________, respectively.



29) Dividends, accounts receivable, and buildings have normal balances of __________, __________, and __________, respectively.







May 15, 2022
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