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During 20B,Blue Corporation Incurred Operating Expenses Amounting to $100,000,of Which

Question 95

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During 20B,Blue Corporation incurred operating expenses amounting to $100,000,of which $75,000 were paid in cash; the balance will be paid in January 20C.Transaction analysis of operating expenses for 20B,should reflect which of the following?


A) decrease shareholders' equity,$75,000; decrease assets,$75,000.
B) decrease assets,$100,000; decrease shareholders' equity,$100,000.
C) decrease assets,$100,000; increase liabilities,$25,000; decrease shareholders' equity,$100,000.
D) decrease shareholders' equity,$100,000; decrease assets,$75,000; increase liabilities,$25,000.

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