5. MC.01.95 The asset created by a business when it makes a sale on account is termed accounts receivable 6. MC.01.96 The debt created by a business when it makes a purchase on account is referred to as an a. account payable account recevable 7. MC.01.98 Cash dividends b. decrease stockholders' equity c. increase cash 8. MC.01.100 How does receiving a bill to be paid next month for services received affect the accounting equation? a. assets increase b. abilities increase; stockholders' equity decreas cabies increase; stockholders equity increases d. assets decrease; stockholders' equity decreases 9. MC.01.101 How does the payment of rent for equipment affect the accounting equation? b. assets increase; stockholders' equity increases cassets increase; assets decrease 10. MC.01.238 The assets and stockholder's equity of a company are $159,000 and $95,000, respectively. Liabilities should equal $46,000 $254,000 564,000 4.195,000