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D Question 2 2 pts Squire company received a utility bill on the 15th day of the month and will pay the bill at the
D Question 2 2 pts Squire company received a utility bill on the 15th day of the month and will pay the bill at the end of the month on the day the bill was received, the financial accounting impact will include Increase in liabilities: Increase in expenses increase in equity Decrease in tabilities increase in expenses: Decrease in equity. Increase in liabilities, increase in expenses. Decrease in equity Decrease in tablice Decrease in penses increase in equity Question 3 2 pts Insunt Corporation began the year with $560,000 assets, $200,000 liabilities and $360,000 equity, Insunt purchased a $90,000 machine by paying $40,000 cash and signing a $50,000 accounts payable Insunt's equity balance after this transaction is $360,000 $410.000 $310.000 450.000
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