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On June 1, 2018, Delaware Company purchased computers costing $16,000 by paying $1,000 cash on June 1, 2018 and agreeing to pay the remaining $15,000
On June 1, 2018, Delaware Company purchased computers costing $16,000 by paying $1,000 cash on June 1, 2018 and agreeing to pay the remaining $15,000 in 12 months. On June 1, 2018, as a result of this event,
a)equity increased by $15,000.
b)both total assets and liabilities increased by $16,000.
c)total assets decreased by $1,000.
d)both total assets and liabilities increased by $15,000.
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