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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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Posts: 1455
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7 years ago
Purchased merchandise (perpetual), by issuing a note, would have which effect on the categories?
A) Total assets would be decreased.
B) Owner's equity would be decreased.
C) Total liabilities would be increased.
D) None of these answers is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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#1
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7 years ago
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majestico Author
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#2
6 years ago
Thanks for attempting to answer. You were correct in your response!
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