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QUESTION 1 On July 7, 2014, Hidden Comera Enterprises performed services of $1,700 on account. The entry to record this transaction would include o a
QUESTION 1 "On July 7, 2014, Hidden Comera Enterprises performed services of $1,700 on account. The entry to record this transaction would include" o "a debit to Cash of $1,700." o "a debit to Accounts Receivable of $1,700." "a credit to Accounts Receivable of $1,700." o "a credit to Accounts Payable of $1,700." QUESTION 2 If total liabilities increased by $30,000 and owner's equity decreased by $50,000 during a period of time, then total assets must change by what amount and direction during that same period? 20.000 increase 20.000 decrease 30.000 decrease 30.000 increase QUESTION 3 Payment of a $1,500 accounts payables decreases an asset $1,500; decreases a liability $1,500 decreases an asset $1,500; increases a liability $1,500. decreases a liability $1,500; increases owner's equity $1,500. decreases an asset $1,500; decreases expenses $1,500
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