17. The purchase of supplies for cash will result in a/an a. increase in cash and a decrease in capital b. increase in cash and an increase in supplies. c. increase in supplies and a decrease in cash. d. increase in equipment and an increase in capital. 1. The owner of a computer services business was able to acquire a new computer, valued at $5,000, by establishing an account with the computer vendor, Com Pewters Unlimited. There was no down payment. Recording the transaction will a. increase an asset, increase a liability. b. decrease an asset, decrease a liability. c. increase an asset, increase owner's equity. d. decrease an asset, decrease owner's equity. 19. A sole proprietor recorded the payment of an account payable to an office supplies store. Recording the transaction will a increase an asset, increase a liability b. decrease an asset, decrease a liability. c. increase an asset, increase owner's equity. d. decrease an asset, decrease owner's equity. 20. In the first month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $600. The cash account has a(n) S600 credit balance. b. $900 debit balance. S300 debit balance. $300 credit balance. 21. Osama Company showed the following balances at the end of its first year: Cash $ 14,000 Prepaid insurance 1,400 Accounts receivable 7,000 Accounts payable 5,600 Notes payable 8,400 Share capital-ordinary 2,800 Dividends 1,400 Revenues 42,000 Expenses 35,000 What did Osama Company show as total credits on its trial balance? a $60,200 b. S58,800. c. SS7,400 d. $61,600. c. d