Multiple Choice
Which of the following transactions would increase total assets? I. Borrowed cash on a note payable, $80,000
II. Provided services on account, $10,000
III. Received cash from a customer as payment on account, $8,000
IV. Received a utility bill, $1,200
A) I, II, and III
B) I and II
C) I and III
D) All of these answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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