Which of the following is not a true statement about the accounting equation and its elements? OA. The accounting equation is Assets + Liabilities Owner's Equity B. Assets are the resources a business C. Liabilities represent debts of a business. D.Examples of assets are cash, accounts s and equipment E. Owners' equity represents the rights of the owners to the assets Which of the following would be subtracted from the general ledger balance (books) when preparing a bank reconciliation? Service charges Outstanding checks Deposits in transit Notes collected by the bank Which of the following entries record the purchase of equipment on account? A. Equipment, debit; Accounts Payable, credit O B. Equipment, debit; Cash credit C.Accounts D. Accounts Payable, debit; Notes Payable, credit round to the nearest hundred) O Cash 20,000 Notes Receivable 20,000 Accounts Receivable Notes Receivable Interest Revenue 20,600 20,000 600 O Cash 20,600 Notes Receivable Interest Revenue 20,000 600 Notes Receivable Interest Revenue 20,000 600