Multiple Choice Assets decrease $10,200 and equity decreases $10,200. Assets increase $10,200 and liabilities decrease $10,200. Assets increase $10,200 and liabilities increase $10,200. Liabilities increase $10,200 and equity decreases $10,200. If Dallas Company bilfed a client for $16,000 of consulting work completed, the accounts receivable asset increases by $16.000 and: Multiple Choice: Accounts Payable decreatos $16,000 Accourts poyable increases $16.000 Cash incteoted 516.000 Powerien increases $16000 If a company uses $1,540 of its cash to purchase supplies, the effect on the accounting equation would be: Muitiple Choice Assets increase $1,540 and liabilities decrease $1,540 One asset increases $1,540 and another asset decreases $1,540, causing no effect. Assets decrease $1,540 and equity decreasos $1,540 Assets decrease $1,540 ond equity incieases $1,540 Use the following information for Meeker Corporation to determine the amount of equity to report. Maltiple Choice $553.600 $295,600 $419600 Doc's Fibhouse had beginning equaty of 580,500 , net income of $73,000. The company has no other transactions impacting equity. Calculate the ending equity Mungie crioice) 5001 557500 514500 3146.500 Determine the net income of a company for which the following information is available for the month of September. Multiple Choice $282800 $473,200 $171,000