Mize Company provided $45,500 of services on account, and collected $38,000 from customers during the year. The company also incurred $37,000 of expenses on account, and paid $32,400 against its payables. As a result of these events,
A. total assets would increase
B. total liabilities would increase
C. total equity would increase
D.all of theseanswer choices are correct
Answer:D
Mize Company provided $45,500 of services on account, and collected $38,000 from customers during the year. The company also incurred $37,000 of expenses on account, and paid $32,400 against its payables. As a result of these events,
A. total assets would increase B. total liabilities would increase C. total equity would increase D.all of theseanswer choices are correct