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

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

Purchase of machinery for cash:Question 3Answera.Increases total assetsb.Increases assets and liabilitiesc.Keeps total assets unchangedd.Decreases total assets

When an organisation purchases a machine for cash, which of the following is true?Question 3Select one:a.Total assets increase.b.Total liabilities decrease.c.Total expenses increase.d.Total equity stays the sam

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

The Davis Company purchases a new delivery truck by making a 10% cash down payment and signing a note payable for the balance. How will assets, liabilities and owner’s equity be affected by this transaction?Question 4Select one:a.Assets - decreaseLiabilities - IncreaseOwners' Equity - No Chargeb.Assets - increaseLiabilities - increaseOwners Equity - no change c.Assets - increaseLiabilities - decreaseOwners' Equity - increased.Assets - no changeLiabilities - increaseOwners' Equity - decrease