Use this information to answer the following question. Here is the balance sheet for Costello Container Company:
If the equipment were sold for $13,000,then the Jose Costello,Capital account would
A)increase by $37,000.
B)increase by $13,000.
C)decrease by $13,000.
D)stay the same.

Question

Use this information to answer the following question. Here is the balance sheet for Costello Container Company:
 If the equipment were sold for $13,000,then the Jose Costello,Capital account would
A)increase by $37,000. 
B)increase by $13,000. 
C)decrease by $13,000. 
D)stay the same.

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question. Here is the balance sheet for Costello Container Company:
 If the equipment were sold for $13,000,then the Jose Costello,Capital account would
A)increase by $37,000. 
B)increase by $13,000. 
C)decrease by $13,000. 
D)stay the same.

Use This Information to Answer the Following Question