QUESTION 36 Which of the following would affect owners' equity? O a. Purchased land for $5,000 cash. O b. Borrowed $1,500 from Citi Bank and signed a 3 month note. O c. Purchased supplies on Account (payment due in 30 days) from Office Depot. O d. Received cash from owners and issued common stock to them.

QUESTION 36 Which of the following would affect owners' equity? O a. Purchased land for $5,000 cash. O b. Borrowed $1,500 from Citi Bank and signed a 3 month note. O c. Purchased supplies on Account (payment due in 30 days) from Office Depot. O d. Received cash from owners and issued common stock to them.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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