If a company UID purchases machine parts worth $300, but only has $200 in cash. The company could purchase by initially paying $200 but the remaining amount is still owed to the dealer. The debit that would result from lead in Equipment (+300) and Account Payable will be credited (+$200) and Cash will get a credit of (-$200). What will the balance sheet look like?Question 2Answera.There will be an increase in Assets aloneb.There will be an increase in Liabilities alonec.transaction results in changes on both sides of the equation so there will be an increase of $200 on both sidesd.no changes will be recorded

Question 10Use the balance sheet pictured to answer the following question.Balance SheetCurrent assetsAmount Cash$2,500 Accounts receivable$400 Inventory$400 Prepaid rent$10,000Long-term assets Equipment$3,900 Vehicle$25,000 Accumulated depreciation-$2,500 Furniture$2,200 Computers$2,600Total Assets$44,500If Eternal Summer purchased $500 worth of Inventory using their supplier credit line, what would the total assets be after the transaction? 1 point$44,000$44,500$45,000

if a machinery's balance b/d was 200000(debit) and it was sold for 120000, by crediting bank a/c with 120000 and provision for depreciation of 50000 in machinery a/c what will be the balance and on which side, will it be a loss on sale of machinery or ?a profit on a sale of machinery

Accounting Worksheet and Trial BalanceDuring the current financial period, the following transactions took place for Corona Ltd:1. Damaged inventory purchased on credit at a cost of $19,300 was returned to supplier. 2. Wages totalling $21,200 were paid for the period.3. Paid $39,500 to credit suppliers. 4. Inventory worth $19,300 is bought on account.            5. Machinery is purchased for $78,200 on cash.    6. Provided services for $50,200 cash.7. Borrowed $68,800 cash from the bank.Assume that the following opening balances existed before the above transactions took place: Account name   Opening balance ($) Cash 251,000Inventory 58,000Machinery 142,000Accounts payable  82,200Loan payable 75,000Share capital 293,800

If a company named GHY is thinking about purchasing $300 machine parts by cash, the transaction would lead to debit (+ $300) in equipment and cash (-$300). What will be the liability or equity in this scenario?Question 8Answera.equity and liabilities will be 0b.equity will be $300 but liabilities will be 0c.Liabilities will be $300 but equity will be 0d.No changes

A company sold $150k worth of products, out of which $50k was on credit. How should the following be recorded on the assets side of the balance sheet?+$50k cash+$100k accounts receivable+$100k cash+$50k accounts receivable+$100k cash+$50k inventory+$200k cash-$50k accounts receivable