Purchasing equipment for $50,000 by paying $10,000 in cash and the remainder on credit would: 5 on Select one: O a. Decrease stockholders' equity by $50,000 O b. Increase total assets by $60,000 Oc Decrease liabilities by $10,000 O d. Increase total assets by $40,000 Oe. Increase liabilities by $10,000 3 The combined declaration and payment of a cash dividend results in what net effect to the following? of 25 vestion Select one: Liabilities Increased Owner's Equity Unchanged b. Liabilities Unchanged Owner's Equity Decreased Liabilities Decreased Owner's Equity Decreased Cer's Fauty The rendering of services to a client (with collection to occur at a later date has which of the following results? Then Ob a. Total Assets Increase Total Assets Increase Total Assets No Effect Od Total Assets No Effect Oe Total Assets No Effect Total Equity Increase Total Equity No Effect Total Equity Decrease Total Equity Decrease Total Equity No Effect The accrual of an interest revenue will result in what journal entry to what type of account? O a DO Revenue Credit Liability 5 ob. Debil Ravenue Credit Asset