PO During February 2020. its first month of operations, ABC Corporation received a cash investment of $100.000 by its owner. The company had cash sales of $20.000 and paid cash expenses of $35.000. Assuming no other transactions impacted the cash account what is the balance in Cash at February 20 a $15.000 credit .b. 585.000 debit 585,000 credit. d. $120.000 debit Question 7 Which of the following is not true about depreciaton expense? a. It requires an adjusting journal entry b. It decreases the net value reported for the depreciated asset c. It equals the decrease in an asset's market value d. It increases the accumulated depreciation account Question 8 Which of the following statements regarding debits and credits is correct? a. Increases to assets are debits. b. Increases to assets are credits. c. Increases to owners' equity are debits. d. Decreases to assets are debits