office equipment on credit for $75,000. The effects of this
transaction include:
Assets increase by $75,000 and expenses
increase by $75,000
Assets increase by $75,000 and expenses
decrease by $75,000
Liabilities increase by $75,000 and
expenses decrease by $75,000
Assets decrease by $75,000 and expenses
decrease by $75,000
Assets increase by $75,000 and liabilities
increase by $75,000
Question 7. Question :
Of the following accounts, the
one that normally has a credit balance is:
Cash
Office Equipment
Sales Salaries Payable
Dividends
Sales Salaries Expense