b)Cash c)James Bond, Withdrawals d)Telephone Expense 3. Tony, the owner, deposited $100,000 in the company's bank account. He got the money from selling all of his IBB common stocks. Recording the transaction on the company books will req a)an asset to be debited, a liability to be credited b)a liability to be debited, an asset to be credited c)withdrawal to be debited, an asset to be credited d)an asset to be debited revenue to be credited 4. Billy Gates, the owner of the Billy Brothers Computer Services, was able to acquire a new computer, valued at $5,000, by establishing an account with the computer vendor, Bays Unlimited. There was no down payment. Recording the transaction will a)increase an asset, increase a liability b)decrease an asset, decrease a liability c)increase an asset, increase owner's equity d)decrease an asset, decrease owner's equity 5. the subtotals of the income Statement columns of the work sheet are s6, 200 and $4, 900, respectively. If the subtotal of the Balance Sheet Debit column is $19,000, then the subtotal of the balance sheet credit column should be a)$20,300 b)S1,30 c)S17,700 d)s14400 6. The bookkeeper recorded a bank deposit at $560, but the bank recorded the deposit at its correct amount of $650. The bank reconciliation will require a(an) a)addition per book balance of cash b)deduction per book balance of cash c) addition per bank statement balance d) deduction per bank statement balance 7. When $800,000 of 10-year, 8% bonds that pay interest semiannually are sold when the market rate of interest is 12%, which of the following lines describes the calculation of the selling price of the bonds?(Pv= present value of $1, Pva= present value of $1 annuity) a)(Pv of 4% $800,000)+(Pv of 4%x $80,000)= bond selling price b)(Pva of 12%x $800,000)+(Pv of 6%x$80,000)=bond selling price c)(Pv of 6%X $800,000)+(Pva of 8%x $80,000)=bond selling price d)(Pv of 6% x $800,000)+(Pva of 6% $40,000)=bond selling price 8. Washington Company issues ten-year bonds with a par value of $100,000, 8% annualb) Cash c) James Bond, Withdrawals d) Telephone Expense 3. Tony, the owner, deposited $100,000 in the company's bank account. He got the money from selling all of his IBB common stocks. Recording the transaction on the company books will require a) an asset to be debited, a liability to be credited b) a liability to be debited, an asset to be credited c) withdrawal to be debited, an asset to be credited d) an asset to be debited, revenue to be credited 4. Billy Gates, the owner of the Billy & Brothers Computer Services, was able to acquire a new computer, valued at $5,000, by establishing an account with the computer vendor, Bays Unlimited. There was no down payment. Recording the transaction will a) increase an asset, increase a liability b) decrease an asset, decrease a liability c) increase an asset, increase owner's equity d) decrease an asset, decrease owner's equity 5. The subtotals of the Income Statement columns of the work sheet are $6,200 and $4,900, respectively. If the subtotal of the Balance Sheet Debit column is $19,000, then the subtotal of the Balance Sheet Credit column should be a) $20,300 b) $1,300 c) $17,700 d) $14,400 6. The bookkeeper recorded a bank deposit at $560, but the bank recorded the deposit at its correct amount of $650. The bank reconciliation will require a(an) a) addition per book balance of cash b) deduction per book balance of cash c) addition per bank statement balance d) deduction per bank statement balance 7. When $800,000 of 10-year, 8% bonds that pay interest semiannually are sold when the market rate of interest is 12%, which of the following lines describes the calculation of the selling price of the bonds? (Pv = present value of $1, Pva = present value of $1 annuity). a) (Pv of 4% x $800,000) + (Pv of 4% x $80,000) = bond selling price b) (Pva of 12% x $800,000) + (Pv of 6% x $80,000) = bond selling price c) (Pv of 6% x $800,000) + (Pva of 8% x $80,000) = bond selling price d) (Pv of 6% x $800,000) + (Pva of 6% x $40,000) = bond selling price 8. Washington Company issues ten-year bonds with a par value of $100,000, 8% annual