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