carlossalgueroc6678 carlossalgueroc6678

04-09-2020
Business

contestada

Price Company provides cleaning services to customers for $10,000 cash. What are the effects of this transaction on the accounting equation? (Select all that apply.)

Respuesta :

Parrain Parrain

05-09-2020

Answer:

Increase assets

Increase retained earnings

Explanation:

Price Company is a service provider so when the cash is paid to them for offering the cleaning service, it will count as revenue which will serve to increase equity holdings.

The cash account will also increase by a sum of $10,000 and as cash is an asset, the assets will increase.

Answer Link

Otras preguntas

Write a proof. fill in statements and reasons for the blank sides, 10 points for each question.

Why did Ted Slavin start Essential Biologicals?

Kelly worked on a straight 8 % commission. Her friend worked on a salary of $850 plus a 6% commission. In a particular month, they both sold $21,700 worth of me

what did lincon and fredrick douglas argue about

Twice a number diminished by seven A) 7x - 2B) 2x + 7C)2x - 7D) 7x + 2PLZ HELP IM NOT SURE WITH MY ANSWER π-π

Which inequality has the graph shown below?

Can someone plz help me :(

If a tornado approaches you should seek shelter on the floor in the occupancy. A Highest B.2nd C.Lowest D.Main Points: 10

Best answer gets brainliest what does unequal division ensure?

Taryn is measuring ribbon to make decorations for a fall party. She needs 32 feet of ribbon. She has 12 & 1/3 feet of ribbon. How many more feet of ribbon