Multiple Choice
What effects does this journal entry have on the accounts?
A) Increase Cash and increase Land
B) Increase Land and decrease Cash
C) Decrease Cash and decrease Land
D) Increase Cash and decrease Land
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q20: The bookkeeper for Brockton Industries prepared the
Q21: The increase side of all accounts is
Q24: Which of the following entries records the
Q26: The chart of account for the Miguel
Q59: An account is said to have a
Q80: All owner's equity accounts record increases to
Q153: The accounts payable account is listed in
Q166: Which of the following entries records the
Q168: For a month's transactions for a typical
Q237: Journalizing transactions using the double-entry bookkeeping system