1. Paid 1,000 cash to his payables. 2. Harry potter paid 150 cash for telephone bill. Choices: a.) An increase in assets and a decrease in assets. b.) An increase in assets and an increase in stockholders equity. c.) An increase in assets and an increase in liabilities. d.) A decrease in assets and a decrease in stockholders equity. e.) A decrease in assets and a decrease in liabilities. f.) An increase in liabilities and a decrease in stockholders equity. g.) An increase in stockholders equity and a decrease in liabilities.

1. Paid 1,000 cash to his payables. 2. Harry potter paid 150 cash for telephone bill. Choices: a.) An increase in assets and a decrease in assets. b.) An increase in assets and an increase in stockholders equity. c.) An increase in assets and an increase in liabilities. d.) A decrease in assets and a decrease in stockholders equity. e.) A decrease in assets and a decrease in liabilities. f.) An increase in liabilities and a decrease in stockholders equity. g.) An increase in stockholders equity and a decrease in liabilities.

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Description: 1. Paid 1,000 cash to his payables.2. Harry potter paid 150 cash for telephone bill.Choices:a.) An increase in assets and a decrease in assets.b.) An increase in assets and an increase in stockholders equity.c.) An increase in assets and an increase

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 17EA: For each item that follows, indicate whether a debit or a credit applies. A. increase in prepaid...

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