Consider the following transactions: issued common stock for cash. purchased equipment by signing a note payable. provided services to customers on account. collected cash from customers on account. how many of these four transactions increased the given company's total liabilities?

The answer is: The only transaction that increases the company's liabilities is; Purchased equipment by signing a note payable.

Explanation:

By issuing common stock, you increase the company's equity and the cash account.

If you provide services on account, you are generating revenue and creating an asset; accounts receivable.

If you collect cash from customers, you are increasing the cash account and decreasing the accounts receivable account, both are asset accounts.

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