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multiple choice The Ministry of Education purchased spare parts for $ 50,000, and computers $ 40,000, and paid the amount with a check. This transaction
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The Ministry of Education purchased spare parts for $ 50,000, and computers $ 40,000, and paid the amount with a check. This transaction leads to: 1- Increasing the inventory of spare parts owned by the Ministry of Education by $ 50,000, and increasing the value of computers owned by the Ministry of Education by $ 40,000. In contrast, the bank's balance with the Ministry decreases by the amount paid $ 90,000. 2- Increasing the inventory of spare parts owned by the Ministry of Education by $ 50,000, increasing the value of computers owned by the Ministry of Education by $ 40,000, and increasing the bank's balance with the Ministry by $ 90,000. 3- Increasing the revenues of the Ministry of Education by $ 90,000, and in return, the bank's balance with the Ministry decreases by the amount paid $ 90,000. 4- Increasing the Ministry of Education's expenses by $ 90,000, and in contrast, the bank's balance with the Ministry decreases by the amount paid $ 90,000 Step by Step Solution
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