Question: F is wrong LIVE increased, (2) decreased, or (3) had no effect on the total assets of the business, Identity any specific asset alloc indicate
LIVE increased, (2) decreased, or (3) had no effect on the total assets of the business, Identity any specific asset alloc indicate the reason Asset effect Decreased No effect Account affected or why assets are not affected Cash Asset accounts offset Transaction a. Paid $400 cash on accounts payable b. Made a cash purchase of land for a building site for the business $89,000 c. Sold land and received cash of $69,000 (the land was carried on the company's books at $69,000) d. Received $15.400 cash from customers on account e Purchased medical equipment and signed a $90,000 promissory note in payment No offect Asset accounts offset No effect Asset accounts offset Increased Equipment Asset effect Decreased Account affected or why assets are not affected Cash Decreased Transaction 1. Purchased a flat-screen TV for Smith's home, 9. Paid Smith a cash dividend of $4,000 h. Purchased office supplies on account for $1,200 Borrowed $62,000 from the bank for use in the business Received $12.000 cash and issued stock to a stockholder Increased Increased Cash Office Supplies Cash Increased Cash Choose from any drop-down list and then click Check Answer. Clear All Check Answer All parts showing
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