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

Find each Product mentally. Show the steps you used. (Distributive Property) Give all answers and number them. 1. 8×34 2. 5×47 3. 12×4 3/4 4. 8×3 3/4

what prompted elie wiesel to write night

How can you add a figure into a composite figure that increasing its perimeter draw a diagram to support your answer

How do I find this answer ?

all questions to be solved using linear combination.

How did many northern democrats feel about lincoln's emancipation proclamation?

Which explorer was the first to establish a sea route to Asia? For which European country did he sail?

Jennifer has been hired as a temporary employee at a local college. She is given a username and password to access certain parts of the college's intranet. Wh

How did internal differences weaken the Catholic Church?

Can anyone help out with 10