100 points MC Qu. 189 Using the T-account approach: Using the T-account approach: O Net income appears on the debit side of the Cash account under operating activities. O Payment of long-term debt appears on the debit side of the Cash account under financing activities. D Purchase of equipment appears on the credit side of the Cash account under operating activities D An increase in Accounts Receivable appears on the debit side of the Cash account under operating References