QUESTION 17 An Accounts Payable would most likely result from which of the following transactions? O Purchasing accounts for cash. O Purchasing property, plant and equipment on credit O Purchasing goods and services from suppliers on credit. O All of the above. QUESTION 18 An accounts receivable results from the sale of O Property, plant and equipment for cash. O Goods and services provided to customers on account O Goods and services to customers for cash. O The firm's common stock. At the beginning of the fiscal year, the balance sheet showed assets of $1,500 and Net Assets of $900. During the year, assets increased $100 and liabilities decreased $50. Liabilities at the end of the year totaled: O $550 $650 O $350 $0 7.5 points QUESTION 20 At the beginning of the fiscal year, the balance sheet showed Total Assets of $1000 and Net Assets of $600. During the year, Assets increased $200 and Liabilities decreased $200. Net Assets at the end of the year must equal $400 $600 $1000 $1600