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    pasanenl's Avatar
    pasanenl Posts: 4, Reputation: 1
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    #1

    Mar 13, 2010, 09:39 AM
    Effect on assets

    American Corporation purchased $25,000 of equipment, paying $5,000 in cash and promising to pay $20,000 in 90 days. How much will assets increase?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Mar 13, 2010, 04:51 PM

    Please see the guidelines for posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    What accounts does this affect?
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