Using the T-Account Approach

Multiple Choice

Using the T-account approach:

A) Net income appears on the debit side of the cash account under operating activities.
B) Payment of long-term debt appears on the debit side of the cash account under financing activities.
C) Purchase of equipment appears on the credit side of the cash account under operating activities.
D) An increase in accounts receivable appears on the debit side of the cash account.