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Each question is irrelevant to the other and not together, but I need the answer for each one The company bought machinery on account from

Each question is irrelevant to the other and not together, but I need the answer for each one

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The company bought machinery on account from MM Inc. This is an example of a. Asset use transaction b. Asset Exchange transaction C. Asset Source transaction d. Claims exchange transaction Which account is increased by a credit to the account? a. Accounts Receivable. b. b. Prepaid Rent. c. Service Revenue. d. Supplies. Which of the following is decreased with a debit? a. Accounts Payable b. Accounts Receivable c. Prepaid Rent d. Rent Expense Which of the following ratios would be most useful in evaluating a company's performance from the owners' perspective? a. Return on equity ratio. b. Debt to assets ratio. c. Return on assets ratio. d. Either B or C. Which one of the following accounts would not be closed at the end of the accounting year? a. Rent Expense b. Service Revenue c. Unearned Revenue d. Salaries Expense

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