When equipment is sold for cash, the amount received is reflected as a cash O outflow in the investing section O inflow in the financing section O outflow in the operating section O inflow in the operating section O inflow in the investing section Cortez Inc. incurred the following expenses on account for the month of March: $580 utilities and $420 advertising. Which of the following journal entries is NO recorded correctly? O Debit to Advertising Expense for $420 O Credit to Cash $1,000 O Credit to Accounts Payable $1,000 O Debit to Utilities Expense for $580 Question 2 Bravo Company purchases equipment for $2,680 and supplies for $360 from Clinton Co. for $3,040 cash. The entry for this transaction will include a