Answer
B : Balance Sheet only
Work Step by Step
Buying a machine on credit affects the equipment and accounts payable accounts. Both of them are the balance sheet items and therefore only The Balance Sheet will be affected by this transaction.
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 3 - The Accounting Information System - Self-Test Questions - Page 135: 2
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