Marina Company performed services on account for $160,000. This transaction will O A. increase assets and...
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Marina Company performed services on account for $160,000. This transaction will O A. increase assets and increase equity by $160,000. OB. increase assets and increase liabilities by $160,000. O C. increases dividend and decreases equity O D. have no effect on the accounting equation. O E. increase liabilities and decrease equity by $160,000. Marina Company performed services on account for $160,000. This transaction will O A. increase assets and increase equity by $160,000. OB. increase assets and increase liabilities by $160,000. O C. increases dividend and decreases equity O D. have no effect on the accounting equation. O E. increase liabilities and decrease equity by $160,000.
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Performing services on account increases the accounts receivable as the ... View the full answer
Related Book For
Accounting Information Systems
ISBN: 9780132871938
11th edition
Authors: George H. Bodnar, William S. Hopwood
Posted Date:
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