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7:23 + Midterm Examination O 02:53:59 23 of 80 -/ 15 View Policies Current Attempt in Progress The sale of merchandise to a customer partly for cash and partly on account would require which of the following? O increase in Accounts receivable, increase in Cash, increase in Sales Revenue O increase in Cash, decrease in Accounts Payable, increase in Sales Revenue O increase in Cash, increase in Sales Revenue decrease in Accounts Payable, increase in Accounts Receivable, increase in Sales Revenue Google Chrome 37 * FREE INSTALL AX coll Home Luma Laurention LUNET D2L 7:23 + Midterm Examination O 02:53:55 24 of 80 -/ 15 View Policies Current Attempt in Progress If dividends are declared and paid in the same accounting period, what is the net effect on the accounting equation? O a decrease in Retained Earnings and an increase in Expenses O a decrease in Cash and an increase Expenses O a decrease in Cash and an increase in Retained Earnings O a decrease in Cash and a decrease in Retained Earnings Save for Later Google Chrome 3.7 FREE INSTALL AX coll Home Luma Laurention LUNET D2L 7:23 + Midterm Examination O 02:53:52 25 of 80 -/ 15 View Policies Current Attempt in Progress If the company had a loan outstanding, which of the following would be used to record accrued interest at the end of the accounting period? O increase Interest Expense, decrease Cash increase Interest Expense, increase Interest Payable decrease Interest Payable, increase Interest Income decrease Interest Payable, decrease Cash Save for Later Google Chrome 3.7 FREE INSTALL AX coll Home Luma Laurention LUNET D2L