66 The journal entry to record a payment on account will i9 A business's purchase of a $100,000 building with an b. debit Cash, and credit Expenses. c. debit Expenses, and credit Cash. common shares will d. debit Accounts Payable, and credit Cash. a. increase shareholder' equity by \$15,000. b. increase assets by $15,000. [17. If the credit to record the payment of an account payable is not posted. c. increase assets by $85,000. a. liabilities will be understated. b. expenses will be understated. c. cash will be overstated. 20. A new company completed these transactions: 1. Shareholders invested $50,000 cash and inventory d. cash will be understated. 2. Sales on account, $12,000. iB Which statement is false? What will total assets equal? a. A trial balance lists all the accounts with their current a. $75,000 balances. b. A trial balance is the same as a balance sheet. b. $87,000 c. A trial balance can verify the equality of debits and c. $62,000 credits. d. A trial balance can be taken at any time