Canvas A 02:29:11 Time Remaining 8 3 points Equipment, Salaries Payable and retained Earnings have normal balances of: Credit, debit, and debit, respectively. Debit, debit, and credit, respectively. Credit, credit, and credit, respectively. Debit, credit, and credit, respectively. 9 3 points A company has assets of $600,000, liabilities of $100,000, and retained earnings of $240,000, what is the amount of common stock? $260,000 O $940,000 $740,000 $460,000 10 3 points A company purchases equipment using cash. Which of the following statements regarding this purchase is correct? Total liabilities will increase. The cost of the equipment is an expense at the time of purchase. OOOO Stockholders' equity will decrease. Total assets will not change. 11 3 points The adjusting entry Rodgers Co. prepares at the end of the current accounting period for recording depreciation of $25,000 on equipme FA 2 W