On July 6, Rogers Company purchased equipment for $2,900 cash. As a result of this transaction,
A) liabilities increased by $2,900.
B) total assets increased by $2,900.
C) owner's equity remained unchanged.
D) owner's equity decreased and total assets increased by $2,900.
Correct Answer:
Verified
Q165: On January 14, Maxine Industries purchased supplies
Q166: Boise Co. pays its employees twice a
Q167: A purchase of supplies, to be used
Q168: An investment of cash by the owner
Q169: Haircut 101 performed services for cash of
Q171: Brettschneider CPA provided accounting services and billed
Q172: OPI Company purchased supplies on account. To
Q173: On July 7, 2020, Rancho Realty Co.
Q174: Borrowing cash from the bank is recorded
Q175: Pope Accounting Service purchased new computers for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents