Question 1160864

1- Robitaille Company received a cash advance of $500 from a customer. As a result of this event, assets will be increased by $500.->TRUE
2- Pastorek Company purchased equipment for $1,800 cash. As a result of this event, equity will be decreased by $1,800.->FALSE


3- Root Company provided consulting services and billed the client $2,500. As a result of this event, assets are remained unchanged.->FALSE