Accounting MC questions help!

1. Which of the following circumstances would result in a decrease in income under both the accrual and cash basis?

a.the payment of this period's utilities
b.the payment of last period's utilities
c.the payment of next period's utilities
d.the cash purchase of office equipment

2. Given the following information at the end of the year, what was the balance in retained earnings at the beginning of the year?

Total Assets=$190,000
Total Liabilities= 110,000
Contributed Capital= 30,000
Revenues= 85,000
Expenses= 70,000

a.$25,000
b.$35,000
c.$45,000
d.$80,000

3. Which of the following accounts is not an expense?

a.depreciation
b.sales salaries
c.dividends
d.delivery expense

4. Given the following information at the end of the year, how much was net income for the year?

Beginning retained earnings= $54,000
Dividends = $20,000
Ending retained earnings = $69,000

a. $(5,000)
b. $15,000
c. $35,000
d. $40,000

5. Which of the following entries would be used to record the sale of services for cash?

a.salesxxx
cashxxx

b.cashxxx
accounts payablexxx

c.cashxxx
service revenuexxx

d.salesxxx
accounts receivablexxx

6. If the bookkeeper (in 2002) expenses the entire cost of a truck that normally would be used for three years, then:

a.net income will be understated for 2002 and overstated for the years 2003 and 2004.
b.total assets will not equal liabilities plus owners' equity.
c.net income will be overstated for 2002 and understated for the years 2003 and 2004.
d.assets will be overstated for 2002.