The purchase of equipment on credit is recorded by a: ...
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Accounting
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The purchase of equipment on credit is recorded by a:
a. Debit to Equipment and a credit to Accounts Payable
b. Debit to Accounts Payable and a credit to Equipment
c. Debit to Equipment and a debit to Accounts Payable
d. Credit to Equipment and a credit to Accounts Payable
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Indicate which financial statement(s) "Dividends" would appear on: (may be more than one)
a. Retained Earnings Statement
b. Balance Sheet
c. Income Statement
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Indicate which financial statement(s) "Cash From Operations" would appear on: (may be more than one)
a. Balance Sheet
b. Income Statement
c. Cashflow Statemen
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During the current year, liabilities of Angelino's Store increased by $210,000, and owners' equity increased by $140,000.
a. Assets at the end of the year total $350,000.
b. Assets at the end of the year total $70,000.
c. Assets increased during the year by $350,000.
d. Assets decreased during the year by $70,000.
The purchase of equipment on credit is recorded by a:
| a. | Debit to Equipment and a credit to Accounts Payable | |
| b. | Debit to Accounts Payable and a credit to Equipment | |
| c. | Debit to Equipment and a debit to Accounts Payable | |
| d. | Credit to Equipment and a credit to Accounts Payable |
Indicate which financial statement(s) "Dividends" would appear on: (may be more than one)
| a. | Retained Earnings Statement | |
| b. | Balance Sheet | |
| c. | Income Statement
|
Indicate which financial statement(s) "Cash From Operations" would appear on: (may be more than one)
| a. | Balance Sheet | |
| b. | Income Statement | |
| c. | Cashflow Statemen |
During the current year, liabilities of Angelino's Store increased by $210,000, and owners' equity increased by $140,000.
| a. | Assets at the end of the year total $350,000. | |
| b. | Assets at the end of the year total $70,000. | |
| c. | Assets increased during the year by $350,000. | |
| d. | Assets decreased during the year by $70,000. |
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