Question: 19. What transaction does the following general journal entry represent? Accounts payable 1,200 Cash 1,200 A. Provided services on account. B. Paid cash owed to

19. What transaction does the following general journal entry represent? Accounts payable 1,200 Cash 1,200 A. Provided services on account. B. Paid cash owed to a supplier. C. Collected cash from customers. D. Borrowed money to support operating activities. 20, Li Company paid cash to purchase land. As a result of this accounting A. total assets decreased. B. total assets were unaffected. C. total equity decreased. D. both assets and total equity decreased

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