An increase in an expense account An increase in an asset account account
An increase in an unearned revenue
A decrease in a revenue account A decrease to retained earnings
Question 11. Question: Apatha Company has assets of $ 600,000, liabilities of $ 250,000 and equity of $ 350,000. It buys office equipment on credit for $ 75,000. The effects of this transaction include:
increase by $ 75,000
decrease by $ 75,000
Assets increase by $ 75,000 and expenses
Assets increase by $ 75,000 and expenses
Liabilities increase by $ 75,000 and expenses decrease by $ 75,000
Assets decrease by $ 75,000 and expenses decrease by $ 75,000
increase by $ 75,000
Assets increase by $ 75,000 and liabilities
An increase in an expense account An increase in an asset account account
An increase in an unearned revenue
A decrease in a revenue account A decrease to retained earnings
Question 11. Question: Apatha Company has assets of $ 600,000, liabilities of $ 250,000 and equity of $ 350,000. It buys office equipment on credit for $ 75,000. The effects of this transaction include:
increase by $ 75,000
decrease by $ 75,000
Assets increase by $ 75,000 and expenses
Assets increase by $ 75,000 and expenses
Liabilities increase by $ 75,000 and expenses decrease by $ 75,000
Assets decrease by $ 75,000 and expenses decrease by $ 75,000