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30. Os March 1, 2008, ABC Company bows 1100,000 by signing 6-payable 3500 S. $1,500 $2,000 d. $4,000 31. Atraction that incresses an asset
30. Os March 1, 2008, ABC Company bows 1100,000 by signing 6-payable 3500 S. $1,500 $2,000 d. $4,000 31. Atraction that incresses an asset account may sl Decrease a liability account h. Decrease an owners' equity an Decase different anet acc d. Decreases contra-asset accu 32. Which of the following transactions affects owners' equity? Received land from an investor in exchange for common stock h. Bomowed $2,000 from Citi Black and signed a 3 month note payable Purchased supplies on account (payment due in 30 days) from Office Depot d Purchased land for 55,000 cash 33. A company sell $10,000 of merchandise to a customer ming VISA credit card VISA charge service fee of 3% of the sales amount. The journal entry for this transaction will include A credit to sales revenue for $10,000 h. A debit to service for expense of 3300 A debit to credit card receivables of 59,700 d. All of the above. 34. A dividend ic A distribution to investon from the net incume of the company b A repayment to a lender, such as a hank A repayment of investors' money when a company goes out of business 4 Money received from bevestors 35 A company would get repurchase in shares a treasury stock le ander so reissue shares to employees 25
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