The following journal entry affected the accounting equation by:
A)decreasing liabilities and increasing owners' equity
B)increasing assets and increasing liabilities
C)decreasing assets and increasing owners' equity
D)increasing liabilities and increasing owners' equity

Question

The following journal entry affected the accounting equation by: 
A)decreasing liabilities and increasing owners' equity 
B)increasing assets and increasing liabilities 
C)decreasing assets and increasing owners' equity 
D)increasing liabilities and increasing owners' equity

Quizplus · Accepted Answer

The Answer of The following journal entry affected the accounting equation by: 
A)decreasing liabilities and increasing owners' equity 
B)increasing assets and increasing liabilities 
C)decreasing assets and increasing owners' equity 
D)increasing liabilities and increasing owners' equity

The Following Journal Entry Affected the Accounting Equation By