Simple MCQ question from Financial Accounting. Please solve it ASAP!!!

A transaction has been recorded in the T-accounts of Hough Company as follows: Cash 500 Notes Payable 1500 Which of the following reflects how this event affects the company's financial statements? Asset Liab. Stk. Stmt of Rev. Equity Exp. Net Inc. Cash Flows A. NA NA +FA B. + NA NA NA NA +OA C. NA + NA +OA D. + NA NA NA +FA = + = - - + + - NA O Option A Option B O Optionc Option D QUESTIONS 4 poil At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. What is the effect of this event on the company's balance sheet Decrease stockholders' equity and decrease assets Decrease assets and increase liabilities Decrease stockholders' equity and increase liabilities Decrease assets and increase stockholders' equity QUESTION 9 Benson Co. purchased land and paid the full purchase price in cash. Which of the following would be included in the journal entry necessary to record this ev A debit to Land and a credit to Cash A debit to Land and a debit to Cash O A credit to Land and a credit to Cash A debit to cash and a credit to Land