... owners of $60,000 + Cash from bank of $30,000 + Inventory purchased for $10,000 – Cash paid for inventory of $10,000 + Equipment purchased for $70,000 – Cash Test Bank Fundamentals of Financial Accounting, ... on the 15th of the month D) The business orders supplies and promises to pay for them at the end of the month Answer: B Difficulty: Medium LO: 02-01 Test Bank Fundamentals of Financial Accounting, ... measurable financial Test Bank Fundamentals of Financial Accounting, 5e Copyright © 2016 McGraw-Hill Education All rights reserved No reproduction or distribution without the prior written consent of...