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tallowing journal entries would be recorded if a business purchased office 2 Pointsi) Which ofeiperiod and now makes a cash payment of $750 to the supplier to settle the ac Accounts Pavable counts Payable Cash 22) (7 Points) York Casting Services started the year with total assets of $110,000 and total iabilities of $50,0 evenues and the expenses for the year amounted to $140,000 and $50,000, respectively. During the year, th ot issue any common stock, bat it distribated dividends of $70,000. Calealabe the amount of increase or de ckholders' equity for the year a $80,000 increase B) a $70,000 increase a $20,000 increase D) a $60,000 decrease 23) ( Points) Which of the following is an asset account A) Salaries Expense B) Prepaid Expense C) Service Revenue D) Accounts Payable Version1