QUESTION 20 If equipment is purchased on account on Feb 4 and is paid for on Feb 9, then the journal entry on Feb 9 should include a O debit to equipment debit to cash credit to account payable debit to account payable QUESTION 27 Accounts that increase with debit and have a debit balance are assets, liabilities and revenues. liabilites, assets and dividends. dividends, expenses and revenues. assets, dividends and expenses. QUESTION 28 When we receive services from others, we nood to record an increase in revenue share capital expenso asset QUESTION 29 If we purchase equipment today on account and pay for it next week, the journal entry for the payment next week will include a debit to account payable a credit to account payable O a credit to account receivable a debit to equipment QUESTIONS