Please answer both questions!!

QUESTION 1 Financial accounting information is likely to be used for all of the following types of decisions except O a. deciding whether a potential customer should be allowed to purchase goods on a credit basis O b.determining whether the net earnings last year were satisfactory. O a appraising the ability of an entity to pay its debts when they become due. O d. deciding whether dividends should be increased. ho O e deciding whether to add a new product line. QUESTION 2 Steno Services, Inc. purchased a laptop PC for $400 and a new typist chair for $120, on account from Office Equipment Company. What journal entry is required? O a. Debit Assets, $520, credit Liabilities, $520. O b. Debit Office Machines, $400, and Office Fumiture and Fixtures $1120, credit Cash $520. O c. Debit Office Machines, $400, and Office Furniture and Fixtures. $120, credit Accounts Payable, $520. O d. Debit Office Machines $520, credit Notes Payable, $520 O e. Debit Office Machines, $400, credit Accounts Payable, $400