NEED HELP WITH BOTH

Zebra Company capitalized a $20,000 automobile. Which of the following is true? Multiple Choice GC recorded a liability for $20,000. GC recorded an asset for $20,000. GC recorded an expense for $20,000. GC recorded contributed capital for $20,000. During March, Rhino Company provides $23,000 in consulting services of which $12,000 is immediately paid for and $11,000 is on account. Multiple Choice Cash increases $12,000, revenue Increases $11,000, and Shareholders' equity Increases $23,000. Cash increases $12,000, Accounts Receivable Increases $11,000, and revenues increase $23,000. Accounts Receivable increases $11,000, liabilities decrease $12,000, and Shareholders' equity decreases $1,000. Revenues Increase $12,000, liabilities decrease $12,000, and Shareholders' equity is unchanged