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

Ant is to colony as lion is to ?

Which information is not necessary to solve this problem? Two students from each town were selected for the county speech contest. Each had to prepare and pr

Definition embryology

In karyotyping analysis, how do colchicine substance stop mitosis (mechanism of colchicine to stop mitosis)

how much fence would you need to replace the fence of a 30 foot by 40 foot playground? How much sod would you need to re-sod the lawn?

what are the persuasive techniques Ghandi used in his speech "quit India"?

$30,000 is to be invested for 7 years at a 4% interest rate: find its future value if it is compounded continuously?

Here is an addition sentence. (6 + 7) + 8 = 21 Choose an equivalent addition sentence that shows the associative property of addition.

A prize machine randomly dispenses small toys. There are 1515 prizes left: 55 bouncy balls, 33 toy cars, 22 stickers, and 55 dinosaurs. Kai gets 22 prizes. Wha

For which equation would x = 8 not be a solution? 8x = 64 4x = 48 10x = 80 9x = 72