Use the following information for Questions 19 - 22: Bluenote Band, Inc. purchased merchandise from Industrial Music Company on June 5, 2010. The goods were shipped the same Oday. The merchandise's selling price was $15,000. The credit terms were 1/10, n/30. The shipping terms were FOB shipping point. Bluenote received the merchandise on June 10, 2010. Bluenote paid the amount due on June 13, 2010, Question 19 2 pts Refer to Bluenote Band, Inc. Bluenote uses the periodic inventory system. What effect does recording the purchase of merchandise on June 5, 2010 have on Bluenote Band's accounting equation? Assets and liabilities increase. Liabilities and owners' equity decrease. Assets and owners' equity increase. Liabilities increase and owners' equity decreases. Company on ne 5. 2010. The goods were showed the same Odry. The merchandise's wing price was $15.000 The credit tems were 1/10.30. The wings were FOB shing point. Ble receled the merchandise on ne 10, 2016 Blunt paid the amount duone 13, 2010 Amunt Con BA GOS Question 19 Calendar Refer to be Band includes the periodic intory system. What effect does recording the purchase of merchandise on ne 5, 2010 have an Blue Bands accounting Question 20 worytem, the recording the payment 13. 2010, wie Adenocid for 55.000 A decat 15.00 000000000 000 0000 !Il lol Question 21 2 pts Reference. With the HOY Hory bory Hitory 1 2010 Hon ry SORY Question 22 Refer to Buenote Band, Inc. Who is responsible for payment of the transportation costs on the merchandise sold by Industri Music to me and Ind Company Catened to the formation provided So companies Use the following information for Questions 19 - 22: Bluenote Band, Inc. purchased merchandise from Industrial Music Company on June 5, 2010. The goods were shipped the same Oday. The merchandise's selling price was $15,000. The credit terms were 1/10, n/30. The shipping terms were FOB shipping point. Bluenote received the merchandise on June 10, 2010. Bluenote paid the amount due on June 13, 2010. Question 19 2 pts Refer to Bluenote Band, Inc. Bluenote uses the periodic inventory system. What effect does recording the purchase of merchandise on June 5, 2010 have on Bluenote Band's accounting equation? Assets and liabilities increase. Liabilities and owners' equity decrease. Assets and owners' equity increase. Liabilities increase and owners' equity decreases. Question 20 2 pts Refer to Bluenote Band, Inc. If Bluenote uses the periodic inventory system, the effect of recording the payment on June 13, 2010, will include A decrease to purchases for $15,000. O A decrease to Accounts Payable for $15,000. An increase to Inventory for $14,850. A decrease to Cash for $15,000. Question 21 2 pts Refer to Bluenote Band, Inc. When did title to the merchandise transfer from Industrial Music to Bluenote Band? June 5, 2010 June 13, 2010 June 10, 2010 Cannot be determined from the information provided Question 22 2 pts Refer to Bluenote Band, Inc. Who is responsible for payment of the transportation costs on the merchandise sold by Industrial Music to Bluenote Band? Industrial Music Company Cannot be determined from the information provided. Split equally between the two companies. Bluenote Band, Inc