Parking company was recently formed with the $6600 investment in the company by stockholders in exchange for common stock. The company then borrow $3600 from a local bank, purchased $1160 of supplies on account, and also purchased $6600 of equipment by paying $2160 in cash and signing a promissory note for the balance. Based on these transactions, the company still assets are?

If total assets increased, then either total liabilities or total stockholders equity must also increase. Is the answer true or false?

A dead man increase or decrease an account, depending on the type of account. Is this statement true or false?

Cash Beginning Balance 125,100 14,8201 (c) 38,420 (d) 6,120 5,920 7,520 12,120 11,320 What is the ending balance of the Cash account? o $28,860 O $135,340. o $114,860. O $221,340