10 13 16 17 18 20 21 23 34 Cheid Moving to another will save the response Question 4 2 points On Max 1300 ABC Corporation Based on contre 80.000. AUC Corporation records de expense for this matte of month. What is the rear balance in Corporations acumulated deprecor for this equipment toober 2007 Question Mong to another question will saver A Moving to another question will save this response. Question 1 When a transaction decreases retained earnings, what is a possible offsetting entry? a. A decrease in a liability account b. A decrease in common stock. c. An increase in a liability account d. An increase in an asset account. Moving to another question will save this response. 3 Esc F2 F3 F4 to Owner Question 2 points OnABC Cortona 100.000 for that comes througecember 2017. A to me to meet the De understand low by in each year 50.000 515000 Chincome 30000 de 50.000 to the cuestion that Moving to another question will save this response. Question 6 When a company repays a 5500 loan payable, the effect on the balance sheet equation is: a. To decrease total assets. b. To decrease total liabilities c. To decrease owner's equity. d. Both a and bare correct. Moving to another question will save this response. DIL 6 Esc F1 F2 # $ 4 % 5 1 2 3 Moving to another question will save this response Question 7 A company records a journal entry that contains a debit to inventory. Which of the following could be a valid entry to complete this journal entry? a. Credit cash b. No further entry is necessary. c Credit cost of goods sold d. Credit retained earnings Moving to another question will save this response Presen Ho DII ax TE Esc FS F F3 F2 $ 4 % 5 & 7. 6 8 8 2 3