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Question 36 A company had the following transactions: 1. Recorded $5000 of utilities expense that will be paid next month. 2. Bought a piece
Question 36 A company had the following transactions: 1. Recorded $5000 of utilities expense that will be paid next month. 2. Bought a piece of equipment for $8,000 cash. 3. Recorded $1000 of depreciation expense. 4. Sold $30,000 worth of merchandise to a customer on account. 5. Paid off a $3,000 loan. What was the impact of these transactions in total on Assets, Liabilities and Stockholder's Equity? (hint: remember after considering the impact of each of these transactions, Assets still equal Liabilities plus Stockholder's Equity) Change in: Assets Liabilities Stockholder's Equity If the balance decreased, put a negative sign in front of the number. 1 pts
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