The purchase of a service vehicle on account: will decrease an asset and decrease a liability will increase an asset and increase a liability O will decrease equity will increase an asset and decrease a liability On December 31, 2019, a company correctly made an adjusting entry 1 point to recognize P20,000 of accrued salaries. On January 8, 2020, total salaries of P34,00 were paid. Assuming no reversing entry was made on January 1, 2020, the entry on January 8, 2020 will result in a credit to Cash P34,000 and the following debit (s): * Salaries Payable P34,000 Salaries Payable P14,000 and Salaries Expense P20,000 Salaries Expense P34,000 Salaries Payable P20,000 and Salaries Expense P14,000 Which of the following accounts will not affect owner's equity? O Advertising Expense O Land O Professional Fees Income O Owner's withdrawal If total assets decreased by P93,000 during the period of time and net assets increased by P50,000 during the same period, the amount and direction (increase or decrease) of the period's change in total liabilities is: O decreased to P143,000 O decreased by P 143,000 increased by P 43,000 O increased to P 43,000