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4 parts If a company uses $1,400 of its cash to purchase supplies, the effect on the accounting equation would be: Multiple Choice Assets increase

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If a company uses $1,400 of its cash to purchase supplies, the effect on the accounting equation would be: Multiple Choice Assets increase $1,400 and liabilities decrease $1,400. One asset increases $1,400 and another asset decreases $1,400, causing no effect. Assets decrease $1,400 and equity decreases $1,400. Assets decrease $1,400 and equity increases $1,400. Assets increase $1,400 and liabilities increase $1,400. Green Cleaning purchased $590 of office supplies on credit. The company's policy is to initially record prepaid and unearned items in balance sheet accounts. Which of the following general Journal entries will Green Cleaning make to record this transaction? Multiple Choice Debit Office supplies expense, $590. credit Cash $590 Debit Cash, $590, credit Office supplies, $590 Debit Office supplies, $590; Credit Cash, $590 Debit Office supplies, $590; credit Accounts payable. $600 Debit Accounts payable $590; credit Omice supplies, 8590 Edison Consulting received a $550 utilities bill and immediately paid it. Edison's general Journal entry to record this transaction will include a: Multiple Choice Debit to Utilities Expense for $550. Credit to Accounts Payable for $550. Debit to Cash for $550 Credit to Utilities Expense for $550 Debit to Accounts Payable for $550 GreenLawn Co, provides landscaping services to clients. On May 1, a customer pald GreenLawn $70,000 for 6 months services in advance Greenlawn's general journal entry to record this transaction will include a Multiple Choice Debit to Uneamed Revenue for $70,000. Credit to Accounts Receivable for $70,000 Credit to Cash for $70,000 Credit to Unearned Revenue for $70,000 Dobit to Accounts Receivable for $70,000

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