Which of the following transactions affects the liabilities for Gravette, Inc?
a. Supplies are purchased for cash by Gravette.
b. Gravette places an order for merchandise with a supplier; the merchandise will be shipped to Ernest White in 60 days.
c. The owners of Gravette invest $100,000 in the company.
d. Payment is made on a bank loan which Gravette had obtained 6 months ago.
d
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