Question 1) The business received cash:
a) increase Cash account.
b) decrease Cash account.
Question 2) The owner invested cash in the business:
a) increase Capital account.
b) decrease Capital account.
Question 3) The owner invested cash in the business
a) debit Capital account
b) credit Capital account
Question 4) The business received cash from a credit customer:
a) increase Accounts Receivable account.
b) decrease Accounts Receivable account.
Question 5) The business borrowed money from the bank:
a) increase Notes Payable account.
b) decrease Notes Payable account.
Question 6) The business received cash from a cash customer:
a) increase Service Revenue account.
b) decrease Service Revenue account.