Which of the Following Transactions Would Increase Total Assets? I

question 102

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 and II
• B)I and III
• C)I, II, and III
• D)All of these answers are correct.

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