QUESTION 15 Ron paid his accounts payable. How does Ron record it? O a. Accounts Payable, debit, Cash, credit O b. Accounts Payable, debit; Account Receivable, credit O C. Cash, debit; Common Stock, credit O d. Accounts Receivable, debit; Cash, credit QUESTION 16 Liabilities are O a.subtracted from stockholders' equity and the net amount is equal to assets added to assets and the two are equal to stockholders' equity O C. added to stockholders' equity and the two are equal to assets d. equal to the total of assets and stockholders' equity QUESTION 13 The balance sheet looks like this: Office Equipment 16320 Accumulated Depreciation 300 16020 What does this mean? O We paid $16020 for office equipment O We paid $16320 for office equipment and deducted $300. We have $16020 left to deduct. o We could sell this office equipment for $16020. QUESTION 14 The adjusting entry to record the depreciation of a building for the fiscal period is a. debit Building credit Depreciation Expense. b. debit Depreciation Expense; credit Accumulated Depreciation. Oc debit Accumulated Depreciation; credit Depreciation Expense. d. debit Depreciation Expense; credit Building. QUESTION 5 I paid my accounts p ayable. How would I record that? O a. debit Accounts Payable; credit Cash b. debit Cash: credit Accounts Payable O C. debit Cash: credit Supplies Expense od debit Accounts Receivable: credit Cash