Question

Which of the following would result if a business purchased equipment with a 40% down payment in cash?
A. Equipment would increase, and Cash would decrease.
B. Accounts Payable would increase.
C. Since the equipment hasn’t been paid in full, there’s nothing to record.
D. Both A and B

Answer 1

not really sure

Answer 2

@Purplerainbowcherry

Answer 3

this is something that I have no idea about :/

Answer 4

oh

Answer 5

Which of the following would result if the business purchased supplies on credit?
A. Supplies would increase, and Cash would decrease.
B. Supplies would increase, and Capital would increase.
C. Supplies would increase, and Accounts Payable would increase.
D. The purchase of supplies isn’t a business transaction.