Quiz Submissions - Topic 02 Quiz Top Of Form Wh

Quiz Submissions - Topic 02 Quiz Top of FormWhich of the following will increase stockholders' equity?A) Accounts payableB) Dividends paidC) Owners' investmentD) Expenses > revenuesQuestion 24 / 4 pointsRush Corporation borrowed $25,000 from the bank. Which of the following accurately shows the effects of the transaction?A) Decrease cash $25,000 and increase notes payable $25,000B) Increase cash $25,000 and decrease notes payable $25,000C) Decrease cash $25,000 and decrease notes payable $25,000D) Increase cash $25,000 and increase notes payable $25,000Question 34 / 4 pointsJohnson, Inc. paid rent expense of $3,500 for the month of October. How are the accounts affected due to this transaction?A) Decrease in cash $3,500 and decrease in retained earnings $3,500B) Increase in cash $3,500 and decrease in retained earnings $3,500C) Increase in cash $3,500 and increase in retained earnings $3,500D) Decrease in cash $3,500 and increase in retained earnings $3,500Question 44 / 4 pointsJohnson, Inc. purchased land for cash. What effect does this transaction have?A) Decrease in Cash and increase in LandB) Decrease in Cash and decrease in LandC) Increase in Cash and increase in LandD) Increase in Cash