QUESTION 15 1 points Save Answer "SIGMA entreprise received a cash advance of $900 from a customer. As a result of this event," O assets increased by $900 owner's equity increased by $900. liabilities decreased by $900. assets and owner's equity both increased by $900. QUESTION 16 1 points Save Answer The promissory note from the buyer perspective considered as O a note receivable accounts payable accounts receivable O a note payable QUESTION 17 1 points Save Answer Provide future services or benefits Liabilities Assets Owner's equity Revenues QUESTION 18 1 points Save Answer Assume that Ahmed Co. writes off Fahad Co $500 balance as uncollectible. The entry is: O Dr. Bad Debt Expense 500 Cr. Accounts Receviable 500 Dr. Expense 500 Cr. Accounts Receviable 500 Dr. Bad Debt Expense 500 Cr. Allowance for Doubtful Accounts 500 Dr. Expense 500 Cr. Allowance for Doubtful Accounts 500 QUESTION 19 1 points Save Answer Credits decrease both assets and liabilities. increase both assets and liabilities. decrease assets and increase liabilities. increase assets and decrease liabilities