Question: Question Completion Status: QUESTION 19 At December 31, 2019, if Accounts Payable are $16,000, Land is $240,000, Building is $180,000, Retained Earnings is $160,000, Accounts
Question Completion Status: QUESTION 19 At December 31, 2019, if Accounts Payable are $16,000, Land is $240,000, Building is $180,000, Retained Earnings is $160,000, Accounts Receivable is $40,000, Equipment is $120,000, Notes payable is $190,000, and Cash is $86,000, then Capital Stock is $260,000. True False QUESTION 20 In a general ledger, debit entries cause decreases in liabilities, increases in assets, and increases in owner's equity. True False QUESTION 21 A compensating balance is often required by a bank as a condition for granting a loan. True False
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