Ash Company experienced a business event that affected its financial statements as indicated below. Which of the following events could have caused these effects on the company's financial statements?
A) Collecting cash from customers as payment of accounts receivable
B) Earning cash for providing services to customers
C) Paid cash to purchase land
D) Purchased supplies on account

Question

Ash Company experienced a business event that affected its financial statements as indicated below.  Which of the following events could have caused these effects on the company's financial statements?
A) Collecting cash from customers as payment of accounts receivable 
B) Earning cash for providing services to customers 
C) Paid cash to purchase land 
D) Purchased supplies on account

Quizplus · Accepted Answer

The Answer of Ash Company experienced a business event that affected its financial statements as indicated below.  Which of the following events could have caused these effects on the company's financial statements?
A) Collecting cash from customers as payment of accounts receivable 
B) Earning cash for providing services to customers 
C) Paid cash to purchase land 
D) Purchased supplies on account

Ash Company Experienced a Business Event That Affected Its Financial