S 1 29 of 75 (37 complete) est This Test: 75 pts possible Montgomery Equipment Rental Company received $1,000 cash from a customer; the amount was owed to the business from the previous morth What is the feet this transaction on the accounting equation? O A Cash increases and Accounts Receivable decreases O B. Accounts Receivable increases and Service Revenue increases O C. Cash increases and Accounts Payable decreases OD. Cash increases and Service Revenue increases brary y Modules d with 30 of 75 (37 complete) Romaining:00:35:16 Std Test On January 1, 2018, Jordan, Inc. acquired a machine for $1,080,000. The estimated useful life of the asset is five years. Residual value estimated to be $55,000. Calculate the depreciation expense per year using the straight-line method This Test: 75 pts possible the end of O A. $205,000 OB. $270,000 O C. $260,000 OD. $216,000