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 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

A recipe that makes 8 servings requires 3 1/2 cups of milk. Which of the following equations can be used to find the number of servings, x, that can be made usi
movement along the earths surface caused by an earthquake
Freedom of speech can be limited whenever: the president chooses to limit it. the states want to limit it. a majority of Congress chooses to do so. it is likely
with the vital assistance of ,theodore roosevelt established the first comprehensive national conservation policy.
A major unit of the genetic code is called a(n) _____.
The "philosophy of reform" that shaped this era rose from what two distinct sources?
movement along the earths surface caused by an earthquake
What happened as a result of the Frankfurt Assembly?
Japan surrendered to end World War II after _____. the United States occupied Japan it ran out of natural resources the emperor stepped down the United States d
Find the roots of f(x)=dx^2+ex+f by completing the square.