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answer of 27,28,29,30 59. Which of the following transactions would cause a decrease in both assets and shareholders' equity? Paying insurance premium for the next
answer of 27,28,29,30
59. Which of the following transactions would cause a decrease in both assets and shareholders' equity? Paying insurance premium for the next two years, Purchasing office equipment on account. Paying advertising for the current month. Providing installation services to customers. 28. If the liabilities of a company increased by $55,000 during a month and the shareholders' equity decreased by $21,000 during that same month, did assets increase or decrease and by how much? $34,000 increase $55,000 increase $34.000 decrease $76,000 increase 29. Which of the accounts are decreased on the debit side and increased on the credit side? Liabilities, shareholders' equity, and revenues Dividends, liabilities, and assets Expenses, dividends, and shareholders' equity Assets, dividends, and expenses 30. Which of the following accounts would normally have a credit balance? Accounts Payable, Service Revenue, Ordinary share Salaries Payable, Unearned Revenue, Delivery Expense Income Tax Payable, Service Revenue, Dividends Cash, Repairs and Maintenance Expense, Dividends Step by Step Solution
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