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Question 7 2 pts Q7: The following journal entry: Machinery $100,000 Cash $100,000 A. Increases net income B. Decreases net income C. Increases assets D.

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Question 7 2 pts Q7: The following journal entry: Machinery $100,000 Cash $100,000 A. Increases net income B. Decreases net income C. Increases assets D. Increases liabilities D. Increases liabilities E. Decreases assets F. Decreases liabilities G. Both A. and C. H. Both A. and E. I. Both C. and E. J. Both B. and E

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