QUESTION 51 Ken Enterprises collects $2,000 of its accounts receivable. Total assets are now: O unchanged. $2,000 less. O $2,000 greater O unchanged, but total assets are greater. unchanged, but total assets are less. QUESTION 32 If Cape Company pays $6,000 of the accounts payable: O owners' equity increases. O owners' equity remains the same. O owners' equity decreases. O total assets increase. O none of the above. Click Save and Submit to save and submit. Click Save All Answers to save all answers, QUESTION 29 Mary Company, with total assets of $20,000, earns $5,000 of service revenue on account. O Total assets are still $20,000. O Total assets are now $25,000. Total assets are now $15,000. O Owners' equity is $5,000 less. None of the above are correct. QUESTION 30 Phil Company with total assets of $40,000 borrows $10.000 from a finance company. Owners' equity is $10,000 more. Owners' equity is $10,000 less. Owners' equity is the same. Total assets are now $30,000. None of the above are correct. Click Save and Submit to save and submit. Click Save All Answers to save all answers