Question 4 (1 point) Saved Which of the following transactions would involve a debit to an asset account? recording depreciation expense on capital assets payment of an accounts payable payment of a dividend collection of an accounts receivable The use of temporary accounts helps managers, at least in part, to assess liquidity. stability. profitability. efficiency. The purchase of land for a combination of cash and issuance of shares would require which of the following entries? Dr. Land, Cr. Common shares, Cr. Cash Dr. Cash, Dr. Common shares, Cr. Land Dr. Land, Cr. Cash, Dr. Common Shares Dr. Cash, Cr. Land, Cr. Common shares Question 12 (1 point) The purchase of land for a combination of cash and a 15-year note would require which of the following entries? Dr. Land, Dr. Cash, Cr. Long-term note payable Dr. Land, Cr. Cash, Cr. Long-term note payable Dr. Cash, Cr. Long-term note payable, Cr. Land Dr. Land, Dr. Long-term note payable, Cr. Cash