Which of the following transactions would decrease total, Ask an Expert

Accounting

Which of the following transactions would decrease total liabilities?

I. Made a principle payment on a note payable, $80,000

II. Provided services on account, $10,000

III. Amortized bond premium, $8,000

IV. Received a utility bill, $1,200

I and III

I, II, III, and IV

I and II

I, II, and III

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92039731

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