17 18 Question 23 (1 point) The best description of the Statement of Financial Position is 20 21 The reporting of changes in assets, liabilities and equity in an accounting period 23 24 O A report on the assets, liabilities and income of a business at a specific point in time. 26 22 Assets equals Liabilities less Shareholder's Equity 29 30 A report on the assets, liabilities and equity of a business at a specific point in time. 32 33 35 36 Question 24 (1 point) What is the correct journal entry for a company to make to record the purchase of a new piece of equipment that cost $75.000 the company paid $10,000 down and took a loan from the bank for the rest 38 39 Dr. Equipment $75,000. Dr. Cash $10,000. Cr. Bank Loan $65.000 41 42 Dt. Equipment 575,000Cr. Cash 510.000 c. Bank Loan 565.000 O Dr Equipment $65.000. Cr. Cash $10.000. G Bank Loan $75,000 44 45 Dr. Equipment $65.000 G Bank Loan $65.000 41 48 don 25