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The following journal entry: Machinery $100,000 Cash $100,000 Group of answer choices A. Increases net income B. Decreases net income C. Increases assets D. Increases

The following journal entry:

Machinery $100,000

Cash $100,000

Group of answer choices

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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